Iran

Oil prices are projected for a second straight weekly gain despite easing on Friday. This outlook stems from the fading hopes of a swift reopening of the Strait of Hormuz, further exacerbated by U.S. plans to increase economic pressure on Iran.

John Sfakianakis discussed GCC ties to Iran while discussing a plan by the Trump administration to economically isolate Iran. This proposed strategy includes plans to extend sanctions to countries like China that continue trading with Tehran.

Iranian oil supply available to Chinese buyers is rapidly decreasing. This shortage highlights the success of a US blockade targeting Iran's ports, which is effectively restricting the country's revenue.

Treasury Secretary Scott Bessent vowed to ramp up pressure on Iran by targeting its economic partners with the statement, "You are either with us, or against us." However, Bloomberg's Stuart Livingstone-Wallace explains that his realistic options for further isolating Iran's economy may be limited.

JD Vance stated that he believes utilizing economic pressure constitutes the best approach to achieving Washington's objectives regarding Iran. Regarding recent developments, Vance added that a third party reportedly felt significantly more pressure over the last couple of weeks compared to their own situation.

The Trump administration plans to impose an unprecedented level of economic warfare and isolation on Iran, aiming to end its nuclear program and reopen the Strait of Hormuz. This effort follows decades of sanctions and is being promoted by officials who are strategizing for a capitulation from Tehran. The Treasury Secretary warned that the U.S. government would put full might against nations and companies conducting business with Iran, including major buyers like China and India.

Trump has warned of an 'economic D-Day' targeting Iran. The Trump administration is touting a crushing financial campaign against Iran. However, the article notes that Tehran is well acquainted with sanctions.

The Trump administration is planning an "economic D-Day" through unprecedented sanctions aimed at forcing Iran to abandon its nuclear program and fully reopen the Strait of Hormuz. Treasury Secretary Scott Bessent threatened secondary sanctions against major buyers like China and India who conduct business with Iran. Analysts warn that this strategy is taking place in "uncharted waters."

The United States faces a global security environment characterized by weakened alliances, economic exhaustion, and simultaneous multiple conflicts involving Iran, Russia's war against Ukraine, North Korea, and China. Confidence in the U.S. is declining, demonstrated by low favorable views in surveys and unpredictability in transatlantic relations. These geopolitical pressures strain foundational global systems that the United States spent generations building.

Jobless claims in the U.S. dropped to 206,000 last week, indicating that layoffs remain sparse and most Americans enjoy job security. The unemployment rate is reported as low at 4.1%, reflecting economic resilience despite high energy prices. However, the job market remains a “no hire, no fire” environment, with employers reluctant to take on new workers.

Oil prices rose 3% after U.S. President Donald Trump sharpened his rhetoric against Iran. The increase in oil movement occurred despite an ongoing talks impasse.

Following calls for economic warfare, President Trump vowed to impose "TREMENDOUS economic consequences" on countries dealing with Iran. The United Arab Emirates announced a total embargo on trade and financial dealings with Iran after warnings of an incoming missile attack. Meanwhile, the U.S. military established a shipping corridor through the Strait of Hormuz, controlling the southern lane while also reporting that Canadian Secretary of State for International Development Randeep Sarai condemned Israel’s “unlawful invasion” of Lebanon.

The US Treasury announced plans to increase buybacks of longer-dated debt, causing a cool-down in the Treasury rally and bringing US public debt to $40 trillion for the first time. Separately, President Trump threatened an “economic D-Day” against Iran, targeting its trading partners. Sophie Huynh discussed the market impact of these buyback plans.

Brent crude surged to a three-week high, rising above $94 a barrel on Thursday. This price surge was attributed to factors that tightened global oil supply. Specifically, deadlocked peace talks and the UAE's suspension of trade with Iran kept supply under pressure.

U.S. futures were little changed after the U.S. Treasury Department planned to double its bond buybacks, which caused government bond yields to fall. Oil prices rose sharply, with Brent crude surging 2.5%, following missile fire in the United Arab Emirates and threats concerning Iran. Global markets showed mixed performance, seeing indices like Germany's DAX and Britain's FTSE 100 decline while Asian shares traded higher.

Walmart reported a strong second quarter with comparable sales up 2.6% and adjusted per share earnings topping Wall Street expectations. However, its outlook remains reserved, partly influenced by federal legislation requiring pharmacies to adjust high-cost drug prices. The retailer noted that gains in market share were primarily coming from wealthy households.

Following a declaration by Donald Trump of an economic war on Iran, oil prices jumped. Trump stated that any country supporting Iran’s economy would face "tremendous economic consequences." The statement was made in a post on Truth Social.

The US national deficit has doubled over the past decade with spending growing under Trump and Biden, causing US gross national debt to top $40tn for the first time. Separately, Donald Trump announced plans to inflict an economic operation on Iran, calling it an unprecedented example of Economic Warfare.

ING stated that Bessent’s $4 billion bond plan is inadequate compared to the U.S. national debt of $40 trillion, comparing it to rearranging deckchairs on the Titanic. Other reported items include Venezuela demanding money and drilling equipment, Trump calling for an “Economic D-Day” against Iran, and the prevalence of AI causing job market dislocation.

Iran’s Foreign Minister dismissed U.S. threats of economic pain from Donald Trump, claiming they are failed policies designed to divert attention from domestic financial problems. Concurrently, Syria’s Foreign Minister arrived in Pakistan for talks focused on regional issues and de-escalating tensions between the United States and Iran. Separately, two Pakistani crew members killed in a Houthi attack were successfully repatriated.

Iran has publicly dismissed economic threats put forth by U.S. President Donald Trump. The country stated that these perceived threats will fail and will ultimately deepen public resentment.

Iran rejected economic threats from Donald Trump, dismissing them as 'failed policies' designed to divert U.S. attention from domestic issues. Amid ongoing tensions, Syria’s Foreign Minister visited Pakistan for talks focused on regional de-escalation between the United States and Iran. Separately, two bodies of Pakistani crew members killed in a Houthi attack were successfully repatriated.

Iran's Foreign Minister Abbas Araghchi rejected U.S. President Donald Trump’s economic threats, labeling them as failed policies. Meanwhile, Syria's Foreign Minister Assad al-Shibani visited Pakistan for talks on regional issues, amidst Pakistani efforts to de-escalate tensions between the US and Iran. Separately, two bodies of Pakistani crew killed in a Houthi attack were repatriated.

The article analyzes President Trump's approval rating, questioning if shifts have occurred amid issues such as tensions in Iran and high domestic prices. It also examines how top contenders compare for the possible 2028 presidential election race.

JD Sports has slashed its profit forecasts because widespread inflation and cost-of-living pressures are causing sales of trainers to dive. These economic issues, which include those fueled by the US war on Iran, have hit shoppers’ wallets. Falling sales were noted across important markets such as the US.

Trump announced a new drive intended to isolate and crush the Iranian economy. Separately, the UAE, which is noted as a crucial trading hub for Tehran, has suspended commercial ties.

An open letter denounces the repression of Iranian people and their political prisoners by forces both at home and abroad, noting they are trapped between the Islamic Republic's domination and external 'imperialist forces.' The text addresses multiple anniversaries, including the 1988 mass executions in Iran and a coup orchestrated by the UK and US against Mohammad Mosaddegh in 1953. It also refers to current military assaults against Iran.

Somali piracy incidents have resurged in the Red Sea region, posing a major concern for shipping companies. This resurgence follows periods of regional chaos sparked by the U.S.-Iran conflict.

Newly released emails show that a channel between ICE and Iran shaped deportation flights. These documents reveal that Iranian officials had significant influence over determining which Iranian immigrants in the U.S. were sent back to their home country in 2025.

Newly released emails reveal that U.S. immigration officials collaborated with Iran on deporting over 100 Iranians across multiple flights in late 2025 and early 2026. The communications show that ICE officials were influenced by Iranian Embassy requests, making changes to deportation lists for specific individuals. This deportation process drew criticism from human rights activists, particularly as it departs from the U.S.'s historical pattern of welcoming Iranian exiles.

Newly released emails show that U.S. immigration officials worked with Iranian officials to arrange for over 100 Iranians to be deported on multiple flights in late 2025 and early 2026. The correspondence indicates that ICE officials made changes to deportation lists after receiving requests from the Iranian Embassy. This cooperation marks a departure from U.S. practices of welcoming Iranian dissidents, despite significant criticism concerning human rights.

Japan reported record exports and imports in July, though its trade deficit totaled 634.5 billion yen for the third straight month. While strong auto and semiconductor exports boosted revenue, soaring energy costs due to the war in Iran and a weak yen extended the deficit.

Trump threatened economic pain against countries that assist Iran. However, the president did not specify what actions would be taken, noting that he has abandoned threats to escalate the war with Iran on previous occasions.

The Israeli military announced it will launch criminal investigations into the killings of a 5-year-old Palestinian girl, Hind Rajab, and her family, alongside 15 paramedics, following reviews of troop conduct in Gaza. On diplomatic fronts, France stated it would expel two Iranian diplomats after facing reciprocal expulsions. Meanwhile, Iran’s parliament speaker visited Iraq for a three-day visit.

Trump threatened economic pain for countries that assist Iran. Separately, President Trump was reported to be in transit from Maryland last week.

Donald Trump led a press corps on a tour of the extensive remodeling of the White House grounds, which he is personally overseeing. During the tour, Trump showed off upgrades like a new granite driveway and refurbished columns. The tour concluded with him autographing a stone for the ornate new helipad.

The United Arab Emirates suspended all trade with Iran after coming under renewed ballistic missile fire from the country, a move that will further isolate the Islamic Republic. This conflict follows earlier incidents where UAE Defense Ministry assessments showed missiles targeted maritime traffic in the region. The article notes that the UAE remains a critical re-export hub for Iran to access third-country goods and commercial infrastructure.

The United Arab Emirates suspended all trade with Iran following renewed missile fire from the country, a move that further isolates the Islamic Republic which is already suffering under U.S. sanctions and a blockade. The UAE Defense Ministry stated assessments showed missiles targeted maritime traffic, while the Iranian Foreign Ministry spokesperson denied launching any missiles toward the UAE. Furthermore, conflicts continue in the Strait of Hormuz, where ADNOC vessels have been regularly attacked by missiles and drones.

Europe is preparing for another expected hike in energy bills this winter. This situation is driven by natural gas prices reaching levels twice those of a year ago, amid ongoing uncertainty regarding the Iran conflict.

France plans to expel two Iranian officials as a result of a diplomatic row. This action by Paris follows accusations that the Iranian regime deliberately and outrageously attacked French diplomats in Tehran.