China says it will keep cooperating with Iran despite Washington's "economic D-Day" sanctions campaign, undercutting a drive that depends on pressuring the buyer of 90% of Iran's oil.
Pakistan's army chief carried a US framework to Tehran offering blockade and sanctions relief in return for reopening the Strait of Hormuz, though neither side has confirmed it.
Iran's rial has slid past IRR2,031,000 to the dollar on the open market, roughly halving in under a year as war, sanctions and a naval blockade drain the supply of hard currency.
US Central Command says it has diverted 70 commercial vessels and disabled three since resuming its naval blockade of Iran, which Tehran says has halted its oil exports.
Trump has threatened economic penalties against any country whose banks, businesses, airports or government bodies give Iran a lifeline, a day after the UAE suspended all trade and financial transactions with Tehran.
Iran's parliament speaker Mohammad Baqer Qalibaf says the Strait of Hormuz will not reopen until the US lifts oil sanctions, frees blocked assets and ends its blockade, tying the vital shipping route to a disputed accord he says Washington has failed
Iran's foreign ministry says there is no 60-day deadline in its Islamabad understanding with the US and that it will not set policy under time pressure, distancing Tehran from the Western reading of a mid-June memorandum due to lapse on August 17.
The PR surge which heralded that the “tide is turning” in the Ukrainian conflict is ending up in a debacle. Ukraine can inflict tangible damage on the Russian economy but Russia can take it and give it back in spades.
The US military strategy has run into a dead end. Alternating strikes and ceasefires have done nothing to shift Iran's stated resolve, and the closure of the Strait of Hormuz has given Tehran the leverage to press its terms.
A senior Iranian cleric has used a Tehran Friday sermon to claim the country's missile force humiliated the United States, defiant remarks delivered more than 160 days into a war that has already killed Iran's former supreme leader.
US military munitions stockpiles have shrunk sharply since the war with Iran began, with the five-month-old conflict now the main driver of depletion even for weapon systems the US had previously donated heavily to Ukraine.
Iran does not want tension and insecurity to spread across the region but will act with full force to defend its security and territorial integrity, President Masoud Pezeshkian said at the launch of a national family-medicine programme.
Iran will not reopen the Strait of Hormuz while US military action and its naval blockade continue, foreign ministry spokesman Esmaeil Baghaei said, calling a safe-passage deal with Oman necessary but not sufficient.
US President Donald Trump threatened to destroy Iran’s energy sector in a joint operation with Israel, prompting Tehran to issue a hit list of some of the most valuable assets in the Gulf if he carried through with the threat.
Israeli strikes killed at least two Palestinians in Gaza and destroyed medical supply warehouses next to a hospital, a day after Hamas said it had agreed to the latest stage of a US-brokered deal to end the war.
Emerging-market sovereign ratings have proved largely resilient to the US-Iran war in the first half of 2026, Fitch Ratings finds in its Global Emerging Markets Credit Brief for 3Q26 even though the outlook for a third is deteriorating.
US President Donald Trump announced that the Board of Peace reached a "historic" agreement with Hamas to disarm, with control of Gaza to be transferred to a technocratic government.
Hormuz squeeze on ammonia draws foreign bidders to Odesa Port Plant Four companies from the US, Asia and the Middle East are studying data on Ukraine's war-damaged fertiliser plant as the Strait of Hormuz blockade tightens global ammonia supply.
Iran's IRGC fired missiles at US forces and a base in Jordan on July 29, ending a days-long lull in the US-Iran war, as the US and Saudi Arabia hit Iran-aligned militias in Iraq and the Strait of Hormuz stays closed.
Any European warship approaching the Strait of Hormuz is a legitimate target, Iran's deputy foreign minister for legal affairs has said, adding that Tehran's policy is that the waterway will never return to its pre-war condition.