Overview

• The House approved three bills aimed at imposing financial penalties on Iran and those supporting its military efforts.
• The legislation seeks to disrupt Iranian oil transactions, cut off access to the U.S. financial system, and end tax exemptions for groups supporting terrorism.
• Despite bipartisan support, debates continue over the delay in voting on a $95 billion national security aid package which includes support for Israel, Ukraine, and Taiwan.
• The White House has urged Israel to refrain from military retaliation, emphasizing diplomatic responses to the Iranian attack.
• Global markets reacted negatively to the tensions, with stocks dropping and gold prices rising amid increased uncertainty.