FirstFT: Donald Trump renews threat to destroy Iran’s infrastructure

In a significant geopolitical development, former U.S. President Donald Trump has once again threatened to destroy Iran’s infrastructure, reigniting concerns about potential military escalation in the Middle East. This move comes amid heightened tensions between the U.S. and Iran, which have been escalating due to various geopolitical and economic factors. Meanwhile, the financial sector isn't immune to global shifts, with Jamie Dimon warning of larger-than-expected private credit losses, signaling a potential downturn in economic stability. These developments underscore the interconnectedness of global politics and economics, highlighting the need for careful diplomatic and financial management.