Global Summary

The US-Israel war on Iran reached Day 35 on 03 April 2026 with a US F-15E Strike Eagle confirmed shot down over southwestern Iran, one crew member recovered and a second still missing, Brent crude holding above $107 a barrel, and the Strait of Hormuz still closed to commercial shipping. On the same day, the first anniversary of Trump's "Liberation Day" tariffs arrived with a sobering ledger: 89,000 fewer US manufacturing jobs since April 2025, over $130 billion in tariffs already ruled unlawfully collected and subject to refund, and peak consumer-price pressure still months away. Russia claimed full control of Ukraine's Luhansk Oblast while peace talks remained frozen, and Sudan's war produced fresh mass-casualty strikes in Kordofan as gunmen killed more than 70 people in a late-March gold-mining dispute at a mine near Juba. Across Asia-Pacific, the Hormuz blockade's jet fuel shock has pushed Korean Air and several other carriers into emergency management mode, with a US-China summit expected in the coming days.

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