Iran
Washington is preparing sanctions against Iran’s banking sector and IRGC assets. The United States plans to freeze accounts and real estate linked to the regime.
Jiroft Airport in Kerman Province was targeted in a new wave of U. S. strikes. Earlier, attacks near the Strait of Hormuz and islands were reported.
Donald Trump said that the US is carrying out strikes on targets near the Strait of Hormuz. He threatened Iran with a larger-scale attack in response.
U. S. Central Command said the strikes against IRGC forces were intended to halt the deployment of mines in the Strait of Hormuz. The attacks were described as a response to the threat to shipping.
Haakon VIII swore to the Norwegian parliament that he would uphold the constitution and laws following the death of King Harald. Queen Mette-Marit missed the ceremony due to complications following a lung transplant.
Brent rose to $92. 14, while WTI rose to $87.92 per barrel. Markets reacted to the resumption of hostilities between the United States and Iran.
Allies are calling on Spain and Greece to transfer PAC-2 missiles for Patriot systems to Ukraine. The issue will be discussed by EU ministers, but the countries are concerned about their own defense.
Donald Trump said that Washington is reviewing its position on the Falkland Islands. He did not specify whether U.S. neutrality would change.
The price of gold stabilized near $4,445 after a two-day decline. Traders assess the chance of a Fed rate hike at more than 60%.
The UAE said it had intercepted an Iranian drone over its waters. Abu Dhabi called the incident a violation of sovereignty amid the escalation.
The United States may carry out limited strikes on Iranian positions near the Strait of Hormuz. The goal is to deter attacks on vessels and aircraft.
The EPA may grant refineries more than 1. 8 billion fuel credits to curb prices. Farmers fear a decline in demand for corn for ethanol.
Trump will meet with oil refiners to increase oil-refining capacity. Gasoline prices in the U.S. have risen to $4.08 per liter.
Brent and WTI rose by more than 2% after U. S. and Iranian strikes. Tanker traffic through the Strait of Hormuz declined due to the attacks.
Donald Trump plans to actively campaign for Republicans in the fall. He also dismissed the need for a deal with Iran in the protracted conflict.
Goldman Sachs warned of a global shortage of refining capacity due to wars and strikes on refineries. The forecast for diesel fuel margins has been raised to $63 in the U.S. and $49 in the EU.
The IRGC said it had carried out missile and drone strikes on U. S. facilities in Jordan and the UAE. Jordan reported intercepting 8 missiles.
Trump claimed the destruction of an energy hub on Kharg Island. Reuters found that the published video of the explosions was most likely created by AI.
Brent prices rose 1. 6% after the U.S. strike on Iranian missile installations. Markets are anticipating a possible Federal Reserve rate hike.
SCO leaders will meet in Kyrgyzstan amid US pressure on Iran. The organization is expected to provide Tehran with political, but not military, support.
US forces said they had struck two IRGC launchers that were preparing missiles for launch toward the Strait of Hormuz. Iran has not provided confirmation.
Donald Trump said that the United States would use Venezuelan oil to replenish its strategic reserve. It currently contains about 290 million barrels.
Iranian authorities are divided over a deal with the United States: pragmatists are calling for negotiations, while the hardline faction wants to continue the confrontation.
EU gas storage facilities are 63% full, compared with an average of 80% at the end of August. Germany has about half of the reserves, increasing the risk of shortages.
Due to its currency policy, Turkey has become more expensive for foreign tourists. From May to July, the flow of visitors declined, particularly from the United Kingdom.
Putin and Xi Jinping will attend the SCO summit in Bishkek together with the leaders of Iran, India and Pakistan.
The United States imposed sanctions on a Hong Kong organization and an individual linked to Iran's Bank Melli. The restrictions may also affect Banque Misr UAE.
The Freedom Edge exercise will take place on September 9–11 in international waters near Jeju Island. The allies will test their readiness for threats from North Korea.
Admiral Brad Cooper stated that the shipping lanes had been cleared of Iranian mines. U.S. allies believe that some of the 80–150 mines may remain.
The Prime Minister of Qatar held talks with Iran’s leadership in Tehran on reducing tensions and restoring dialogue with Washington. The White House denied that direct talks had taken place.