US, Iran Forces Clash; Trump’s 10% Tariffs Deemed Unlawful; Jobs Day | Bloomberg Brief 5/8/2026

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0 May 8, 2026 07:57

Oil wavers after the US and Iran clash near the Strait of Hormuz as Washington awaits Tehran’s response for a potential deal to end the war. A federal trade court declares President Trump’s 10% global tariffs unlawful. Veronica Clark of Citi looks ahead to the April payrolls report.

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