Trump Joins Small Business Summit, Promises Ship Rescue
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- Trump will address a White House small‑business summit Monday afternoon, promoting domestic entrepreneurship.
- U.S. says it will help free vessels stuck in the Strait of Hormuz, a waterway closed after Iran ordered Indian ships to abort passage.
- Iran has escalated maritime pressure, shutting the strait and ordering Indian vessels to turn back, heightening oil‑shipping risks.
- Judge rebuked Trump’s White House ballroom national‑security plan, adding a legal setback to his agenda.
- U.S. equities hit record highs while domestic crude inventories fell 9 million barrels, showing market swings amid geopolitical tension.
Why it matters: Shipping firms resume deliveries as the U.S. pledges assistance, while Iranian maritime restrictions and Trump’s legal setbacks hinder his political capital; the 9‑million‑barrel inventory drop coincides with record‑high equities.
