BN Daybreak - Fri 8 May 2026: US intercepts Iranian missiles; Tariff ruling; Rogue polls; and Joburg’s debt crisis

The US intercepted Iranian missiles in the Strait of Hormuz, leading to rising crude oil prices. Simultaneously, a federal court overturned President Trump’s global tariffs, while Johannesburg, South Africa, faces a potential national government takeover due to a 25 billion rand debt crisis. This situation could significantly impact upcoming local elections.