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The US State Department announced sweeping sanctions against nearly 60 entities, individuals, and vessels linked to Iran's military activities, cyber threats, and illicit oil trade, under 'Operation Economic Outcast'. The measures target Iranian military officials, cyber groups, and shadow fleet operators, with rewards of up to $10 million for information on key figures.
The Trump administration unveiled 'Operation Economic Outcast,' a sweeping expansion of secondary sanctions targeting Iran's financial lifelines, as Treasury Secretary Scott Bessent described an 'economic D-Day.' President Trump declared Iran 'completely collapsing,' while Tehran dismissed the measures as a sign of American desperation.
US Treasury Secretary Scott Bessent announced an expansion of sanctions against Iran, calling it 'an economic D-Day' and warning countries to sever financial ties with Tehran or face retaliation. The announcement came as Iran's currency hit a record low, with food prices soaring and the IMF forecasting a sharp GDP contraction.
Larsen & Toubro announced on Monday that its hydrocarbon onshore arm, LTEH Onshore, has signed an ultra-mega contract worth over ₹15,000 crore for a gas compression facilities project in the Middle East. The project, awarded via a letter of intent in FY26, includes EPC of gas compression plants and two 230 kV substations, with the client's identity undisclosed. This marks L&T's third ultra-mega order in August, reflecting continued momentum in its hydrocarbon and power transmission businesses.
Tamil Nadu Chief Minister C Joseph Vijay announced three free LPG cylinders annually for women heads of households and an expansion of free bus travel to deluxe and express services, alongside shelving the Parandur greenfield airport project.
Congress MP Shashi Tharoor has urged introspection after a World Bank study found Kerala returnees from Saudi Arabia hold more conservative views on gender-based violence, while co-author Irudaya Rajan argues the discourse overemphasizes Gulf influence.
Iran's Supreme National Security Council Secretary Mohsen Rezaei warned that Tehran could halt all oil exports through the Strait of Hormuz and the Persian Gulf if the US continues its economic war. The threat comes amid heightened tensions over US plans for tougher sanctions, with Iranian officials responding defiantly.
Pakistan is positioning itself as a key Middle East diplomatic player, with Army Chief Asim Munir’s visit to Tehran and a trilateral defense pact with Saudi Arabia and Türkiye. The moves signal Islamabad’s ambition to mediate US-Iran tensions and expand its strategic partnerships.
Iran announced the discovery of a gas field containing over 7.5 trillion cubic feet of natural gas in Fars province, with about 5.7 trillion cubic feet recoverable. The announcement comes as Iran faces US sanctions and blockade, and as repairs continue at its South Pars field.
Lebanese security forces arrested Georges Dib, a popular TikTok food influencer known as 'Dr Food', on drug trafficking charges. Authorities had issued warrants and, according to reports, a life sentence in absentia, after sweets and food items containing narcotics were seized at Beirut's airport. Dib denies the accusations.
Pakistan's army chief Asim Munir is set to visit Tehran on Monday to continue mediation efforts between the US and Iran, as announced by Iran's foreign ministry. The visit comes amid stalled peace negotiations and looming US sanctions, with Pakistani sources confirming the trip.
Iran's Supreme National Security Council Secretary Mohsen Rezaei said the Strait of Hormuz will stay closed until the US corrects its behavior and fulfills its commitments. Tehran also announced service fees for authorized ships and warned of penalties for non-compliant vessels, as the US prepares new economic measures.
A study warns that more than 1,500 ships stranded in the Strait of Hormuz due to the U.S.-Iran tensions could carry invasive species to ports worldwide once they resume voyages, creating a potential 'super-spreader' event for biological invasions. Researchers recommend urgent hull cleaning and early-warning systems at high-risk ports, but note that the international community is not yet fully prepared.
The Pentagon has fired the editor-in-chief, a reporter and the publisher of the US military newspaper Stars and Stripes, escalating a showdown over editorial independence. The dismissals follow the outlet's coverage of sailor welfare and come amid broader restrictions on press access.
A new report details a covert US military operation that has established a shipping corridor through the Strait of Hormuz, moving approximately 10 million barrels of oil daily. The operation, reportedly coordinated from Fort Bragg, was enabled by a campaign that degraded Iran's radar and surveillance capabilities.
Iran's armed forces warned Gulf countries on Wednesday against assisting the U.S. military, hours after the United Arab Emirates announced it was halting all trade and financial dealings with Iran following an alleged missile attack. The UAE accused Iran of firing two ballistic missiles at its territory on Tuesday, a claim Tehran denied. The escalation comes amid a broader U.S.-Iran conflict centered on the Strait of Hormuz, with oil prices rising above $90 per barrel.
The United Arab Emirates has halted all trade, commercial exchanges and financial transactions with Iran indefinitely, accusing Iranian forces of firing two ballistic missiles at its territory. Iran denied the allegation, calling it a 'false flag operation' by the US and Israel, as tensions continue to disrupt shipping through the Strait of Hormuz and keep energy prices elevated.
US President Donald Trump has denied holding or scheduling talks with Iran, while Tehran claims Washington is seeking negotiations on Iranian terms. The US has announced a 'crushing economic operation' against Iran, prompting China and Iran to push back.
The United States is working to establish a deconfliction mechanism between Israel, Turkey, and Syria following an Israeli strike on a Syrian airbase. US envoy Tom Barrack warned the attack could have escalated into a direct military confrontation, while Turkey condemned the strike and denied any military presence at the base.
Iran's top security official warned neighboring countries against joining US economic pressure, threatening retaliation and oil route closures. Egypt is attempting to revive talks, while regional tensions persist.