🏛️ Political Economics
US and Israel attack Iran, shaking the Middle EastOn 28 February, the United States and Israel launched large strikes on Iran. Iran answered with attacks on Israel and US allies in the Gulf, and the fighting spread to Lebanon.- The strikes were announced by President Trump in an overnight video message.
- The strikes hit military sites, missile factories and nuclear programme sites across Iran.
- Iran's Supreme Leader, Ayatollah Ali Khamenei, was killed in the first wave of strikes.
- Iran struck back at Israel and at US allied countries in the Gulf region.
- World leaders called for calm as the fighting spread to Lebanon.
Top US court strikes down Trump's global tariffsThe US Supreme Court ruled that President Trump could not use an emergency law to set his big global tariffs. The decision more than halves the typical tariff rate, from about 15% down.- The Supreme Court ruled 6 to 3 that Trump exceeded his authority.
- The court said only Congress has the power to set taxes like tariffs.
- The typical tariff rate countries faced on selling into America was around 15%.
- Trump said he was ashamed of the justices and promised new 10% tariffs under a different law.
- The US may have to refund billions of dollars already collected from importers.
Former UK ambassador Peter Mandelson arrested and releasedPeter Mandelson, the former UK ambassador to the United States, was arrested by London police over claims he shared sensitive government information with Jeffrey Epstein. He was released on bail.- Mandelson was arrested at an address in Camden, north London, on Monday.
- Police suspect misconduct in public office, meaning misuse of a trusted job.
- He was questioned at Wandsworth police station and released on bail early Tuesday.
- Mandelson was sacked as ambassador in September after new details about his friendship with Epstein emerged.
- The government says it will release documents about his appointment in early March.
🏛️ Fun Fact!
Did you know? The very first known trade agreement was made around 4,000 years ago between Mesopotamia and the Indus Valley! Today, the United States trades with more than 200 countries.










