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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.
US President Donald Trump said no talks with Iran are taking place or scheduled, while Iran insists the Strait of Hormuz stays closed until US conditions are met. Meanwhile, Iranian officials signal openness to regional diplomacy and economic hardship at home.
France announced it will expel two Iranian diplomats in the coming days following a July incident involving French embassy staff in Tehran. The move comes amid a diplomatic row, with Iran barring the two French employees from returning and accusing them of violating the Vienna Convention.
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.
The United Arab Emirates announced it is halting all trade, commercial exchanges, and financial transactions with Iran "until further notice" following the alleged firing of two ballistic missiles toward its territory. Iran denied the accusation, while the move adds further economic pressure on Tehran, which is already facing US sanctions and a blockade.
The Washington Post reports that the US is considering reducing its military presence in the Middle East after months of Iranian strikes battered Gulf bases, with the Pentagon evaluating whether to rebuild them. The story draws on sources in the US administration and covers the timeline of the conflict, including a June ceasefire and resumed attacks in July.
US President Donald Trump again shared a map depicting the Strait of Hormuz as 'NEW US Territory,' drawing a sharp rebuke from Iran's top security official. As the US prepares to announce major new sanctions, Iran has threatened to target countries that join the economic pressure campaign and warned that not a drop of oil would pass through the strait if it is besieged.
US Treasury Secretary Scott Bessent announced an 'economic D-Day' against Iran, vowing to sever Tehran's economic lifelines. Iran has threatened to halt oil exports through the Strait of Hormuz and warned of an 'act of war' against supporting nations, escalating tensions.
Qatar's foreign ministry has dismissed as 'completely baseless and illogical' Iran's claims that it is holding three Iranian pilots captured in March. The dispute centers on the fate of the pilots after their aircraft were shot down over Qatari airspace, with Qatar saying it has invited Iranian experts to review its search-and-rescue efforts.
Indian equity markets opened higher on Monday, tracking positive global cues and easing crude prices, with the Sensex gaining over 200 points and the Nifty hovering near 24,300. However, analysts remain cautious about elevated geopolitical risks and the impact of high oil prices on the rupee and market sentiment.
The United States and Canada failed to reach a trade deal, leading to the imposition of 50% tariffs on about $20 billion of Canadian goods. Canada announced matching retaliatory tariffs effective September 8, escalating tensions between the longtime allies.
Iran's rial dropped to a record low against the dollar as Washington readied what it called an 'economic D-Day' of new sanctions. The currency's fall underscores the toll of nearly six months of war, with inflation soaring, oil exports halted, and pressure mounting on Tehran despite its control of the Strait of Hormuz.
US President Donald Trump's envoy Jared Kushner has reiterated that Iran cannot be allowed to acquire a nuclear weapon, outlining core conditions for any deal, as the 60-day framework from June lapses unresolved. The collapse of that memorandum has left tensions over the Strait of Hormuz and uranium enrichment unresolved, with Tehran not yet deciding on direct talks.
Ship crossings through the Strait of Hormuz rose slightly on Monday but remained in single digits, according to Kpler shiptracking data. The uptick follows a weekend slowdown attributed to strikes on UAE vessels, as US-Iran peace talks remain stalled.
South Korea's KOSPI pared early gains late Tuesday morning as investors locked in profits amid fading hopes for a U.S.-Iran agreement. Tech stocks like Samsung Electronics and SK hynix led gains, while oil price concerns and global market cues weighed on sentiment.
A new Reuters/Ipsos poll shows President Donald Trump's approval rating at 33%, matching the lowest level of his presidency, while public support for the war with Iran has fallen to 31%. The decline is driven by waning Republican backing, rising gas prices, and fears of a prolonged conflict.
Iranian President Masoud Pezeshkian called for an end to the war with the US, saying Iran was negotiating from a position of strength, even as the partial truce agreed in June expired without renewal. His remarks come amid a reported push by Iranian moderates to revive the economy, while hardliners reportedly favor prolonging the conflict.
Oil prices fell more than 1% on Monday as investors booked profits ahead of a US announcement on new sanctions against Iran. Treasury Secretary Scott Bessent is set to unveil what he calls an 'economic D-Day,' while analysts debate the effectiveness of the measures and the risk of Iranian retaliation.
The 60-day window for a final US-Iran agreement expired with no deal, as President Trump called for Iran's 'white flag of surrender' and his administration prepared unprecedented economic pressure. Iranian officials countered with accusations of 'economic terrorism' and defiance, highlighting a standoff over the Strait of Hormuz.