Trump Signals Escalation in Iran Conflict, Threatens Total Trade Severance with Spain

Key TakeawaysPresident Trump claims Iran’s air defenses and detection facilities have been "knocked out" following a series of military strikes, asserting that "something had to be done" after 47 years of tension.The U.S. is threatening to cut all trade with Spain, with Trump ordering Treasury Secretary Scott Bessent to "clear off all dealings" due to dissatisfaction with Spain's response to the Iran conflict.Oil markets face high volatility as the administration considers providing insurance support for ta ...