Sterling’s recent rally has little to do with the UK economy suddenly outperforming expectations. It has everything to do with the dollar falling out of favour. When the pound hit $1.365 this week—its strongest level since early 2022—it was a flashing red signal that international investors are losing faith in the greenback. Let’s not pretend this is about interest rates. The Federal Reserve is still holding firm, […]
TikTok is preparing a standalone version of its app for U. S. users, slated for launch on 5 September 2025, as part of its strategy to comply with the U. S. law mandating a sale or ban of its American operations. The current app will remain functional until March 2026, although officials say this date is subject to change. Under the Protecting Americans from Foreign Adversary Controlled […]
Elon Musk stated that his newly formed America Party will officially support Bitcoin, branding traditional fiat currency as “hopeless.” He responded succinctly on X to a user asking whether his party would embrace the flagship cryptocurrency: “Fiat is hopeless, so yes.” Musk’s announcement aligns with the party’s broader platform of fiscal conservatism, deficit reduction and modernisation of government, which is packaged alongside calls for balanced budgets and […]
Dubai Land Department has formalised an agreement with global cryptocurrency firm Crypto. com to establish a blockchain‑driven ecosystem enabling property purchases and sales using digital currencies. The memorandum of cooperation, signed on 6 July, aims to streamline investor verification, custody and settlement processes while advancing real estate tokenisation—supporting the emirate’s Real Estate Strategy 2033 and its AED 1 trillion transaction goal. At the heart of the partnership is the […]
OPEC+ has opted to raise oil production by approximately 548,000 barrels per day in August, marking a sharp departure from earlier plans and surprising markets worldwide. The move, confirmed in a brief video conference, is projected to accumulate a surplus towards the close of the year, potentially eroding revenues for both OPEC members and higher-cost producers, including US shale firms.
With Brent crude prices slipping over 1% to around $67.50 and West Texas Intermediate falling to the mid‑$65 range, the group’s decision has already begun to ripple through markets. The scale of the increase is unprecedented compared to prior months—more than 130% larger than April’s hike and substantially above the 411,000 bpd rise earlier this summer.
Leaders within OPEC+ signalled that this shift reflects a strategic pivot: from defending elevated prices to asserting market share. Saudi Arabia, the group’s dominant force, spearheaded the increase, while also raising premiums for Arab Light crude sold to Asian markets—a move widely interpreted as a signal of confidence in near-term demand.
Analysts emphasise that current market structure is supportive of absorbing this surge. UBS’s Giovanni Staunovo remarked that “the oil market remains tight, suggesting it can absorb additional barrels,” though he cautioned about potential headwinds from macroeconomic uncertainties and lingering trade tensions in the next 6–12 months. Similarly, Reuters reporting notes that the decision followed assessments of low inventories and healthy economic indicators.
US President Donald Trump, whose administration has repeatedly lobbied for lower fuel costs domestically, is widely seen as a direct beneficiary of this policy. OPEC+ officials framed the increase as responsive to US pressure, with Saudi Arabia effectively stepping into a balancing role ahead of diplomatic visits.
Nevertheless, market watchers warn of mounting risks. RBC Capital projects that around 80% of the voluntary cuts—a total of 2.2 million bpd—will be reversed by September, hinting at oversupply. Financial institutions such as Morgan Stanley anticipate Brent could slide below $60 by early 2026, while ING and Barclays have also trimmed their forecasts in response to expanding inventories.
Geopolitical variables add further complexity. Though Middle Eastern tensions have eased since the brief flare‑up between Israel and Iran, any resurgence in conflict could inject volatility into the supply outlook. Moreover, internal cohesion within OPEC+ remains fragile, with nations such as Kazakhstan and Iraq reportedly exceeding quotas in recent months.
US domestic production continues its ascent, as data shows output from shale and other sources has hit record levels—adding to potential global gluts. The prospect of elevated US tariffs and slowing economic momentum could further suppress demand, amplifying price pressures.
Even so, OPEC+ remains optimistic in the short run. Saudi Arabia’s decision to lift regional premiums and analysts’ assessments of supportive market conditions reinforce this stance.
As this enlarged supply enters the market, price-sensitive producers such as US shale operators may face tighter margins. Global capitals will closely follow whether OPEC+ sustains this production path or retreats in the face of a deepening surplus.
President Vladimir Putin has asserted that Russia provided crucial support to the American colonists during their fight against Great Britain, claiming it supplied weapons and financial assistance to back their independence struggle. Speaking in a phone conversation with former President Donald Trump, Putin described Russia’s involvement as part of an “actual” effort to help the fledgling United States. Putin’s declaration places the spotlight on historical narratives amid […]
Elon Musk has announced the formation of the “America Party”, marking a definitive rupture with Donald Trump. The billionaire declared the project via a post on X, stating the party is “formed to give you back your freedom” and emerged in response to overwhelming support—by a two‑to‑one margin—expressed through a poll on his platform. This move comes after Musk condemned Trump’s “One Big Beautiful Bill”—a sweeping $3.3 trillion […]
By Nitya Chakraborty On the eve of the 17th BRICS Summit scheduled at Rio de Janeiro in Brazil on July 6 and 7, the ongoing discussions among the senior officials of the member countries for the preparation of the draft joint declaration from the Summit, are showing big divergence of views on the two major […]
JD. com and Ant Group have formally submitted proposals to the People’s Bank of China seeking approval for yuan-pegged stablecoin issuance, marking a key step in Beijing’s efforts to internationalise its currency. Ant Group is also preparing licence applications in Hong Kong and Singapore to deploy offshore renminbi stablecoins beyond mainland China.
The push comes after the Hong Kong legislature enacted a stablecoin licensing framework on 21 May 2025, with regulations taking effect from August. Under the new rules, issuers of Hong Kong dollar–referenced digital tokens must secure authorisation from the Hong Kong Monetary Authority. JD. com has suggested beginning issuance in Hong Kong before piloting operations in Chinese free-trade zones—a phased approach that has been met with encouraging feedback from regulators.
The strategic backdrop for this development includes a decline in the yuan’s share of global payments to 2.89% in May—the lowest in nearly two years—while dollar-pegged stablecoins control approximately 99% of the market. Former Bank of China deputy head Wang Yongli cautioned that unless yuan-based solutions gain traction, China could risk lagging behind if cross-border payments remain less efficient than dollar-denominated cryptocurrency options.
Ant Group’s global strategy is already in motion. Ant International aims to apply for licences under the new Hong Kong regime from 1 August, and then proceed to Singapore and Luxembourg. Meanwhile, JD. com intends to seek approvals in multiple major currency jurisdictions, citing ambitions to reduce cross-border settlement costs by up to 90% and speed up transaction times to under 10 seconds.
Hong Kong’s stablecoin ordinance emphasizes reserve management, redemptions and robust risk controls, operating on the principle of “same activity, same risks, same regulation”. The region’s new LEAP framework is designed to nurture asset tokenisation and stablecoin issuance, compelling global players to participate.
Remaining constraints on audience trust and onshore–offshore integration persist. China’s strict capital controls may hinder scalable adoption of offshore yuan stablecoins, and questions remain over transparency in reserve backing, redemption mechanisms, and potential surveillance—echoing critiques levelled against e‑CNY, China’s domestic central bank digital currency.
Nonetheless, analysts argue that successfully launching an offshore yuan stablecoin could enhance digital renminbi’s global footprint without conflicting with mainland crypto restrictions. It would offer exporters an alternative to dollar-linked tokens and deepen the yuan’s digital payment infrastructure.
President Trump’s support for dollar-pegged stablecoin regulation in the United States has accelerated momentum overseas. China’s tech giants appear intent on ensuring the yuan remains a competitive currency in the next-generation digital economy.
Key stakeholders, including Morgan Stanley and Crypto HK, suggest that Hong Kong could function as a vital testbed, providing a bridge between mainland policy and the global crypto market.
With licence windows opening this August and multi-jurisdictional applications in progress, the ball is now in the court of global financial regulators. Approval of these proposals could mark a significant shift in digital finance, elevating the yuan’s status in the evolving ecosystem of global trade and finance.
United States authorities have implemented a sweeping array of sanctions targeting companies, vessels and networks that facilitate clandestine oil exports from Iran. The Treasury’s Office of Foreign Assets Control moved to freeze assets and prohibit transactions by an Iraqi-led smuggling group and its associated Iranian “shadow fleet.” Simultaneously, the State Department added further designations aimed at restricting Tehran’s access to critical oil revenues. The Treasury identified a […]
OpenAI will lease approximately 4.5 gigawatts of data centre power from Oracle under a $30 billion‑per‑year agreement set to begin delivering revenue in Oracle’s fiscal year 2028. This significant capacity boost forms part of the expansive “Stargate” initiative—an AI infrastructure venture launched in January aiming to deploy up to $500 billion globally. Oracle plans to construct and expand multiple U. S. data centres to support this deal, including enhancements to its […]
Matein Khalid Both Israel and the US were careful not to target Iran’s oil export terminal at Kharg Island, a major reason why Brent crude trades at 68 and not 100. It is ironic that Iran’s oil output is now 5.1-MBD (this figure includes condensates and gas to liquids), its exact amount in 1978, the last year the Shah ruled from his Peacock Throne. There is no […]
The U. S. House of Representatives will convene “Crypto Week” from 14–18 July to vote on three pivotal digital asset bills: the CLARITY Act, the Anti‑CBDC Surveillance State Act, and the GENIUS Act. This coordinated effort signals a major shift in federal crypto policy as lawmakers aim to clarify regulation, protect financial privacy, and foster blockchain innovation.
The CLARITY Act seeks to establish a definitive regulatory framework by delineating the roles of the SEC and CFTC, mandating the segregation of customer funds, and requiring enhanced retail disclosures. It has already passed through both the Financial Services and Agriculture Committees by decisive margins, reflecting bipartisan support and responding directly to industry demands for legal certainty.
The GENIUS Act, recently approved by the Senate in a strong 68–30 bipartisan vote, focuses on stablecoin regulation. It mandates that stablecoin reserves be held in high‑quality, liquid assets such as U. S. Treasuries, requires annual audits for issuers with over $50 billion in market cap, and clarifies regulatory oversight while allowing banks to issue their own tokens. The bill now awaits a House vote, with hopes of reaching the president’s desk by late July.
The Anti‑CBDC Surveillance State Act takes a definitive stance against a federally issued central bank digital currency, effectively prohibiting the Federal Reserve from developing or distributing a CBDC. Proponents frame it as a necessary measure to safeguard financial privacy and prevent potential government surveillance through digital currency systems.
Deputy Speaker Mike Johnson and committee chairs, including Financial Services Chair French Hill and Agriculture Chair GT Thompson, have emphasised that this legislative package aligns with former President Trump’s digital assets agenda — aiming to position the U. S. as a leader in crypto innovation. Johnson stated that the bills would deliver the full scope of that agenda, while Hill highlighted that the initiative would finally provide clarity for innovators, protecting both consumers and the broader digital economy.
Majority Leader Steve Scalise echoed the sentiment, saying the legislation would solidify the U. S.’s global leadership in digital assets. Minority voices have also weighed in: Majority Whip Tom Emmer described the moment as a “historic opportunity” to uphold “privacy, individual sovereignty, and free‑market competitiveness.” Senator Bill Hagerty voiced Senate support, noting the urgency of enacting these measures swiftly.
While the GENIUS Act has Senate backing, the CLARITY Act has faced scrutiny from Democrats and former regulators. Experts such as ex‑CFTC Chair Timothy Massad have warned that its provisions could be overly broad or convoluted, advocating instead for a collaborative regulatory approach between the SEC and CFTC. Concerns also persist among left‑leaning lawmakers that pairing the CLARITY Act with stablecoin regulation could stall progress, despite strong crypto industry support calling for their passage in tandem.
Lawmakers like Rep. Warren Davidson have promoted consolidating stablecoin, market‑structure, and CBDC ban measures into a single legislative package to ensure comprehensive reform. However, this strategy may encounter resistance in the Senate, potentially delaying the bills past the intended timeline.
The Senate’s passage of the GENIUS Act earlier this month reflected growing bipartisan agreement on stablecoin oversight but also revealed tensions over inclusion of Trump‑era cryptocurrency interests. Indeed, some critics have raised ethical questions about exempting the president’s family from the bill’s prohibitions on member profits, and the influence of Trump‑linked ventures that reportedly earned tens of millions from crypto operations.
Despite these controversies, House Republicans are pushing ahead with “Crypto Week” as a gateway to shaping U. S. cryptocurrency policy. The CLARITY Act furthers efforts made under the FIT21 digital asset law passed in May 2024, which established initial delineation of regulatory authority.
As 14 July approaches, industry stakeholders, advocacy groups, and congressional offices are bracing for intense debates. Passing these bills could redefine market structures, unlock stablecoin innovation, and reinforce constitutional privacy rights—or it may start a protracted legislative battle over oversight, accountability, and the future role of federal oversight in digital currencies.
Ukrainian President Volodymyr Zelensky has formally stated he is prepared to meet Russian President Vladimir Putin in person to negotiate a ceasefire and work towards ending the conflict. He emphasised that a direct encounter between the two leaders is the only path to a meaningful halt in hostilities. Zelensky’s announcement follows previous calls for a 30‑day ceasefire that would hold until a summit could be arranged between him and […]
President Trump has confirmed that the United States and Vietnam have reached a trade agreement, with a detailed framework now in place while formal terms await finalisation. The accord suspends the 46 per cent reciprocal tariff on Vietnamese imports, originally imposed in April, and paves the way for expanded market access and tighter controls on rerouted Chinese goods. Negotiations were fast-tracked to meet the looming July 9 deadline, when the […]
By K Raveendran President Donald Trump’s latest volley in the global economic battleground — a proposal to impose a 500 percent tariff on countries that do business with Russia — marks the continuation of a pattern that has come to define his trade diplomacy: bold, blustering declarations followed by strategic backpedalling. The move, targeted at […]By Manish Rai The question of regime change in Iran has recently resurfaced after the killing of Iran’s top military commanders following the Israeli airstrikes. However, Israel’s short-term goal was to damage Iran’s nuclear facilities to severely diminish its weapons program. But the Israeli Prime Minister mentioned during his speeches that the war with Iran “could certainly” lead to regime change in the Islamic Republic. It is […]
A deepening rift between Iran and international nuclear inspectors marks a turning point in Tehran’s approach to its atomic programme and signals a complex challenge for global diplomacy. Iran has formally suspended cooperation with the International Atomic Energy Agency, severing communication channels and obstructing inspections, in the wake of U.S. and Israeli military strikes on its nuclear sites.
The move was set in motion on 23 June when Iran’s parliamentary national security committee approved a framework for halting camera installation, inspections, and reporting to the IAEA unless the “security of nuclear facilities is guaranteed”. The legislation was ratified by the Guardian Council on 26 June and now awaits signature from President Masoud Pezeshkian. Parliamentary speaker Mohammad Bagher Ghalibaf justified the step, stating that cooperation should resume only when IAEA activity ceases to endanger facilities.
Iran has since implemented the decision, reportedly blocking emergency channel calls from the IAEA’s Vienna headquarters. According to a Bloomberg report, once the Incident and Emergency Centre had been in sustained dialogue since 13 June, communication has now dwindled to silence.
The suspension has intensified global worry over what happened at Fordow, Natanz and Isfahan nuclear sites that were struck in late June by U.S. and Israeli forces. Satellite imagery indicates significant damage, and the UN nuclear chief Rafael Grossi described the destruction as “enormous”, stating that centrifuges at Fordow are no longer operational. Iranian Supreme Leader Ayatollah Ali Khamenei dismissed the strikes as theatrics, displaying defiance in his first address since a ceasefire with Israel, while the IAEA has received no formal notification from Tehran about the halt.
Inspectors face a dual challenge: assessing bomb damage and reconciling it with actual uranium stockpiles. Reuters reports that uncovering whether enriched uranium was destroyed, buried in debris or clandestinely moved will be “long and arduous”. IAEA chief Grossi noted Iran informed him on 13 June it had taken measures to protect nuclear materials — raising the possibility that uranium was relocated before the bombings.
A senior diplomat cautioned that verifying the fate of enriched stocks will require extended forensic and environmental analysis. Analysts highlight that these uncertainties, coupled with Iran’s growing 60 percent enriched uranium stockpile — now surpassed 400 kg — raise proliferation concerns. Iran stands as the only non-nuclear-weapons state to produce such highly enriched material.
The crisis threatens to undermine the Nuclear Non-Proliferation Treaty. Experts warn that Iran’s rejection of oversight and potential expansion of enrichment capabilities could erode confidence in international safeguards and spark similar behaviour in other states.
Tehran counters that it remains compliant with its obligations, defending the withdrawal as a sovereignty measure and accusing the IAEA of complicity in aggression. Russian foreign minister Sergey Lavrov urged Iran to maintain IAEA cooperation. German officials echoed this sentiment, appealing for de-escalation and finer calibration.
U.S. and Israeli intelligence contend the strikes brought Iran’s enrichment efforts to a standstill, yet stop short of describing them as complete obliteration. Donald Trump claimed the attacks eliminated any need for a new nuclear deal, yet leaked U.S. intelligence suggests only a short-term delay of a few months.
Disruption of IAEA activities follows a pattern of mounting distrust. The agency censure on 12 June marked the first formal finding of non-compliance by Iran in two decades. Tehran subsequently announced expansion of enrichment infrastructure, including a third site and advanced centrifuges.
This standoff adds complexity to diplomatic efforts. Indirect U.S.–Iran negotiations held from April to June in Oman and Rome collapsed when Israel struck nuclear facilities on 13 June. Although Washington has signalled readiness to resume dialogue, Iran’s decision to suspend IAEA cooperation adds another layer of mistrust.
The prospect of tracking uranium movements amid top-secret relocation efforts, inaccessible bombed sites, and blocked communications has created a labyrinthine challenge. Inspectors and intelligence agencies alike face a “cat-and-mouse” hunt for clarity in rubble and uncertainty. Continued monitoring and a potential return to diplomatic channels will be vital in determining whether the inspection suspension is temporary or signals a more fundamental shift in Iran’s nuclear stance.
U.S. former President Donald Trump has announced that a group of “very wealthy people” is set to acquire TikTok’s U.S. operations, with identities expected to be disclosed in approximately two weeks. He stated that the sale would likely require approval from China’s President Xi Jinping, whom he anticipates will greenlight the transaction.
This development follows an extension of the deadline — now set for mid‑September — under a 2024 law mandating that ByteDance divest its U.S. TikTok assets or face a ban. Trump granted this third 90‑day reprieve on 19 June, citing negotiations and U.S. investors’ desire to maintain the app while safeguarding American user data.
The Protecting Americans from Foreign Adversary Controlled Applications Act, passed in April 2024, requires a “qualified divestiture” or risk removal from U.S. app stores. ByteDance challenged it in court, but the Supreme Court upheld its constitutionality in January 2025. TikTok was removed temporarily before Trump’s administration issued executive orders delaying its enforcement.
Trump reversed his earlier stance — once favouring a complete ban — after gaining a large TikTok following during his 2024 campaign. He credited the platform with boosting his appeal among younger voters.
A consortium led by Oracle, with interest from firms such as Blackstone, Amazon and Walmart, reportedly lost momentum this spring when China refused to approve the proposed transaction. The impasse was linked to Trump’s threat of tariffs, used as negotiating leverage.
Several potential bidders have emerged in the course of discussions. Notably, real‑estate magnate Frank McCourt has confirmed he remains ready to support a $20 billion bid through his group, Project Liberty. Other names associated with interest include Kevin O’Leary, former Activision Blizzard CEO Bobby Kotick, YouTuber Jimmy Donaldson — known as MrBeast — and former Treasury Secretary Steve Mnuchin.
Negotiations have involved U.S. Vice‑President J.D. Vance’s office and TikTok, which has pledged to continue working with U.S. officials and expressed gratitude for the extensions. ByteDance has stated that any deal would require compliance with both U.S. and Chinese legal frameworks.
As the mid‑September Reuters‑mandated deadline approaches, Trump’s timeline for announcing the buyer coincides with intensifying public and legal scrutiny. Critics, including Senator Mark Warner, argue that repeated extensions exceed presidential authority and compromise U.S. national security.
Trade expert Joel Thayer noted that even if the app is sold without its proprietary algorithm, the core TikTok experience could remain affordable — possibly undervalued compared to its full potential.
Approval from China remains the primary hurdle. Trump said securing Xi Jinping’s consent will be vital to finalising the transaction. Analysts suggest that any concessions — including a rollback of U.S. tariffs — may be part of a broader trade‑off tied to China’s agreement.
TikTok continues to operate in the U.S. ahead of the deadline, with its managers asserting commitment to user safety and asserting they have no intention of relinquishing presence in the market.
Demand for physical gold is diverging sharply across regions, with US investors cashing in on their bullion holdings while Asian buyers ramp up their purchases. Data shows US retail demand for gold bars and coins dropped to roughly 19.3 tonnes in the first quarter of 2025 — a five‑year low, down 22% year‑on‑year — as Americans took advantage of record prices to realise gains. Meanwhile, in Asia, […]
A UAE-based investment vehicle, Aqua 1 Foundation, has acquired $100 million in governance tokens from World Liberty Financial, the cryptocurrency venture affiliated with the Trump family, making it the most prominent publicly disclosed investor to date. The move, confirmed by both parties, signals a strategic push to accelerate the creation of a blockchain-based financial ecosystem built on stablecoins and tokenised real-world assets.
Aqua 1 described the allocation of governance tokens—known as WLFI—as an opportunity to contribute to decisions on the platform’s development. Although WLFI is currently non-transferable, World Liberty has confirmed it is “working behind the scenes” to enable trading functionality. At the Permissionless conference in Brooklyn, WLF co‑founder Zak Folkman stated that WLFI could soon be tradable, with the stablecoin set for an independent audit “within days”.
Dave Lee, founding partner at Aqua 1, emphasised the synergy expected from the partnership, citing plans to jointly identify and foster high‑potential blockchain initiatives. The intention is to integrate WLF’s USD1 stablecoin infrastructure into global commercial payments and treasury systems. The move marks Aqua 1 as a key bridge between traditional finance and decentralised finance, aligning with its ambition to extend influence into South America, Europe, Asia and Middle Eastern markets.
Despite its substantial investment, Aqua 1 has maintained a low profile. Reports indicate its web presence is minimal—with just a handful of social media posts and evidence of a website only registered on 28 May.
WLF, launched in late 2024 by Donald Trump, three of his sons and associate Steve Witkoff, has raised well over half a billion dollars through token sales. The Trump family controls a significant stake—around 60% ownership and 75% of net token sales revenue—raising concerns over conflicts of interest. Democratic lawmakers and ethics watchdogs have repeatedly voiced apprehension that these financial interests may influence policy, amid reports that WLF proceeds reached hundreds of millions of dollars.
WLF’s stablecoin, USD1, is 100% backed and supported by U.S. dollar reserves, including Treasuries, and has already drawn sizeable institutional backing. In May, an Abu Dhabi firm used USD1 in a $2 billion transaction with Binance, while WLF prepares to publish an attestation of its stablecoin reserves as part of forthcoming audit disclosures.
The institutionalisation of WLFI governance aligns with the platform’s roadmap, which includes plans to launch a consumer‑friendly mobile app to streamline access to its digital ecosystem. The expected transition to transferable governance tokens is likely a precondition to broader distribution and potential listings on third‑party exchanges.
Regulatory scrutiny remains a key challenge. Critics argue that WLF’s entanglement of private financial interests with public office contradicts norms protecting against foreign influence. At least one senator has raised concerns after the Abu Dhabi stablecoin transaction. Additional worries stem from the Trump administration’s shift toward crypto deregulation, a change that coincides with WLF’s rise, prompting concerns from ethics groups about policy bias favoring the platform.
That overlap of influence has fuelled broader debates in Congress. Legislators have begun proposing amendments such as the GENIUS Act, which would regulate stablecoins more robustly, and restrictions on digital asset investments by sitting presidents. Observers note that WLFI’s new status and Aqua 1’s involvement could sharpen the need for regulatory clarity and transparency around token governance.
Meanwhile, WLF’s expansion plans are proceeding apace. The platform is reportedly developing a Middle East‑based Aqua Fund to support digital economy projects leveraging blockchain and artificial intelligence. The collaboration is expected to produce tokenisation platforms such as BlockRock, targeting institutional asset-digitisation markets.
Aqua 1’s governance stake marks a turning point. By becoming the lead institutional backer, the foundation now holds significant influence over decisions shaping WLF’s evolution. With token transferability and app launches on the horizon, WLFI stands poised for a new phase of adoption—though progress will likely be watched closely by regulators and investors alike.
Senate Republicans have advanced a version of President Trump’s sweeping tax and spending bill that would accelerate the end of several clean‑energy incentives, prompting fierce criticism from Elon Musk, who warned the proposal threatens millions of jobs and harms future industries. The legislation aims to eliminate the federal $7,500 tax credit for new electric vehicles and a $4,000 credit for used models by September 30, 2025, and […]
