Norway’s sovereign wealth fund has sold shares in Caterpillar, citing the use of its bulldozers in demolishing Palestinian property in violation of international law. The Trump administration expressed strong concern, protested to Oslo, and threatened tariffs and visa bans against fund officials. Senator Lindsey Graham warned Norway of consequences for targeting Caterpillar. The divestment marks the first time the fund has acted against a non-Israeli firm over the conflict. The issue is also influencing Norway’s upcoming parliamentary elections.