Treasury Secretary Scott Bessent announced a new campaign to isolate the Iranian regime, warning that countries and companies doing business with Tehran will face consequences. The Trump administration claims large volumes of oil are slipping through the Strait of Hormuz, though commercial trackers estimate significantly lower figures. Energy Secretary Chris Wright cited military assistance in shipping over 15 million barrels last Tuesday, contrasting with tracker estimates of 2 to 6 million barrels daily.

Polestar faces uncertainty after the Trump administration forced the Chinese-owned EV maker to exit the U.S. market. The company states it was blindsided by the decision, noting its corporate cousin Volvo Cars was allowed to remain. This action stems from a rule targeting China's spying via connected-vehicle technology.

The Trump administration proposes a new $103,265 fee for H-1B visa filings, replacing a previously struck-down $100,000 plan. The Department of Homeland Security says the fee applies to most new applicants and includes a 30-day public comment period. The H-1B visa remains the primary pathway for high-skill foreign professionals, particularly from India, to work in the U.S.