Iran war

The Trump administration in recent weeks shifted from military options to economic pressure on Iran as the war drags on with negotiations deadlocked.

Trump launches ‘Economic D-Day’ against Iran, threatens its trade partners

His warning of consequences for countries that give the Islamic Republic ‘any type of lifeline’ puts focus on China, which buys Iranian oil

2026-08-20T07:17:35.000Z

UPDATED 59 minutes ago

A UAE trade embargo could potentially be more damaging to Iran’s economy than US and EU sanctions, says Teheran-based consultancy Ara Enterprise.

International

NEWS ANALYSIS

Iran risks losing key economic lifeline with UAE halting trade

The country is the Islamic Republic’s biggest trading partner and a major financial hub for Iranians

2026-08-20T01:13:38.000Z

Brent crude futures for October delivery rose 25 cents, or 0.3 per cent, to US$91.87 a barrel by 0037 GMT on Thursday.

Energy & Commodities

Oil prices steady as investors assess US-Iran war outlook

Both benchmarks closed at their highest since Jul 24

2026-08-19T22:03:23.000Z

The US and UAE have held talks on security and freedom of navigation in the Strait of Hormuz.

International

UAE cuts economic ties with Iran after missiles target territory

[DUBAI] The United Arab Emirates said it was cutting all economic ties with Teheran after accusing Iran of firing ballistic missiles at its territory, ramping up regional tensions.

2026-08-19T08:54:44.000Z

Brent crude futures climbed 69 cents, or 0.8 per cent, to US$91.71 by 0415 GMT on Wednesday.

Energy & Commodities

Oil extends climb on prolonged Hormuz export uncertainty

Both brent crude and US WTI crude contracts closed at their highest on Tuesday since Jul 24

2026-08-19T04:57:57.000Z

The blockade and the on-again, off-again closure of Hormuz have kept a choke point for roughly a fifth of global oil supply in a state of chronic disruption.

Opinion & Features

Neither the US nor Iran is blinking in their economic brinkmanship

Washington wants to cripple Teheran’s economy, but it could have unintended consequences

2026-08-18T23:00:00.000Z

UAE’s foreign ministry says all trade, commercial exchanges and financial transactions with Iran have been halted until further notice.

International

UAE says Iran fired two missiles at country as war continues; Islamic Republic denies strikes

Assessments indicate that the projectiles targeted at maritime traffic

2026-08-18T22:40:24.000Z

While the deal-related uncertainty lasts, an analyst expects oil prices to range within US$80 and US$100 a barrel in the near term.

Energy & Commodities

Oil climbs as fading US-Iran peace hopes raise supply risks

Both brent crude and US WTI crude contracts gained more than 5% last week following attacks on tankers

2026-08-18T05:50:34.000Z

Teheran said the interim MOU gave it the right to manage the strait, which it shares with Oman, while Washington rejected that interpretation.

Global Enterprise

Iran threatens ‘full offensive’ while Trump rejects ceasefire extension

Trump says US would “bomb” ally Oman if it “got in the way” in negotiations with Iran

2026-08-18T04:56:40.000Z

US Energy Secretary Chris Wright speaks during the Great American Energy Comeback Tour in Midland, Texas, Aug 17, 2026.

Energy & Commodities

US to announce steps to help refiners produce more fuel, energy chief Wright says

Persistently high pump prices above US$4 a gallon spell trouble for Trump’s Republican party in the upcoming midterm elections in November

2026-08-17T22:24:13.000Z

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