🚀 Trump reverses pause on migrant worker arrests

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. President Trump abruptly reversed a brief pause on worksite immigration arrests, resuming crackdowns at farms, hotels, and restaurants just days after acknowledging that these industries rely on “very good, long time workers” who are “almost impossible” to replace. The move comes despite a memo last week directing ICE to halt enforcement in agriculture, hospitality, and food processing sectors, citing the difficulty of meeting Trump’s monthly arrest quota of 3,000. By Tuesday, the White House had shifted back to hardline rhetoric, with Homeland Security insisting there will be “no safe spaces” for industries employing undocumented immigrants. Trump, speaking aboard Air Force One, downplayed the reversal and redirected focus to cities, blaming Democrats and declaring that “murderers” and “the mentally insane” must be removed. The whiplash policy shift has alarmed business owners and fueled protests across California, where industries are struggling to fill labor gaps amid sweeping enforcement.

2. U.S. oil prices are holding near five-month highs as fears of a broader Middle East war escalate, with President Trump weighing whether to join Israel’s air assault on Iran. West Texas Intermediate crude ticked up to $74.96 a barrel, and Brent hovered at $76.50, following Tuesday’s 4% surge triggered by Trump’s threats against Iranian Supreme Leader Ayatollah Khamenei and his demand for “unconditional surrender.” Since Israel began targeting Iran’s nuclear infrastructure last Friday, oil has jumped roughly 10% amid growing concerns that Tehran could retaliate by disrupting the Strait of Hormuz — a vital chokepoint for global oil transit. Iran responded defiantly, warning that any U.S. military entry would bring “irreparable damage.” Trump is now weighing a military strike, according to NBC News, though no decision has been made. Investors are watching closely, with energy markets on edge over the potential for supply disruptions that could ripple through the global economy.

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4. Iran’s Supreme Leader Ayatollah Ali Khamenei warned Wednesday of “irreparable damage” if the U.S. intervenes militarily in its escalating conflict with Israel, following President Trump’s Tuesday demand for Iran’s “unconditional surrender.” The statement comes amid mounting tensions after Israel’s strike on Iranian nuclear sites last week and continued missile exchanges, with the IAEA confirming damage to centrifuge facilities. While the U.S. has maintained it is not directly involved, Trump’s threats—calling Khamenei “an easy target”—signal a possible shift toward direct engagement. Khamenei dismissed any notion of surrender, warning that U.S. involvement would “100% backfire” and cause greater harm to Washington than to Tehran. The comments intensify a regional crisis that began with Hamas’ 2023 attack and has since embroiled Iran’s allies like Hezbollah and the Houthis. Global leaders, including the G7, have blamed Iran for regional destabilization, while Germany’s chancellor controversially stated Israel is doing “the dirty work” of the West. As rhetoric sharpens, investors are fleeing to safe-haven assets, worried the conflict could engulf the broader oil-rich Middle East.

   Headlines

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