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Dubai Shows No Signs of Trump's 'D-Day' for Iran

Wall Street Journal Markets •
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Treasury Secretary Scott Bessent announced 'Economic D-Day,' signaling the U.S. will no longer ignore countries supporting Iranian economic activity. A walk around Dubai reveals Iranian business roots thriving in the UAE's commercial capital despite American warnings. From the Strait of Hormuz to Panama, pressure builds across key trade routes as businesses rethink global goods movement.

Federal authorities are preparing charges against a U.S. servicemember who placed $1 million in Polymarket bets on military operations in Iran and Venezuela, part of emerging insider trading cases involving armed forces trading war contracts. A federal judge ruled the Trump administration violated Anthropic's First Amendment rights by blacklisting the AI company as a supply-chain risk.

President Trump renamed Lake Ontario to Lake America, escalating the trade dispute with Canada. U.S. companies with ties to Trump are seeking favor with Democrats as they worry about becoming investigation targets if Republicans lose House control. Big tech donors to Trump's legacy projects are preparing for potential congressional and criminal investigations.