Iran declared a fully offensive military posture after its 60-day US ceasefire expired, demanding sanctions relief and an end to Washington’s naval blockade.
Tag: Iran
Posted inMarkets
Gold Surges to $4,712 as Treasury’s Doubled Buybacks and Iran Tensions Drive Demand
Spot gold reached $4,712.60 per ounce on August 24, up nearly 15% in a month, as the US Treasury’s decision to double long-term debt buybacks and the Iran conflict sustained safe-haven buying.
Posted inGeopolitics
China and Russia Blunt Washington’s Push to Financially Isolate Iran
Despite the Trump administration declaring an economic D-Day against Tehran, Beijing and Moscow are sustaining trade and military supply lines that US secondary sanctions cannot easily reach.
Posted inGeopolitics
Bessent Pledges Toughest Sanctions in History Against Iran
US Treasury Secretary Scott Bessent said Washington will impose what he called the greatest coordinated economic isolation of any country in history, warning Beijing that buying Iranian oil makes it a target.
Posted inGeopolitics
UAE Cuts All Trade With Iran After Missiles Land Near Gulf Waters
The UAE announced an indefinite suspension of all trade and financial transactions with Iran on August 19, severing a link that supplied over 30% of Tehran’s imports.
Posted inGeopolitics
US Forces on Track to Exit Iraq by September 30, Ending 23-Year Mission
US officials confirmed forces will complete their Iraq withdrawal by September 30, ending a 23-year military presence and handing off to economic partnerships.
Posted inGeopolitics
Iran and Oman Fix Hormuz Coordinates but Tehran Demands More From Washington
Iran and Oman agreed on geographic coordinates for Strait of Hormuz shipping lanes, but Tehran says the deal alone cannot reopen the waterway without further US concessions.
Posted inMarkets
Brent Rises Above $84 as Iran Demands Sanctions Relief Before Hormuz Can Reopen
Brent crude climbed past $84 a barrel on August 10 as Iran’s foreign minister ruled out any Strait of Hormuz deal without US sanctions relief and war reparations, keeping a risk premium in oil prices.
Posted inWorld
Houthi Missiles Kill Seven at Yemen’s Port of al-Makha
Iran-backed Houthi forces struck Yemen’s Red Sea port of al-Makha on August 10 with missiles and drones, killing seven and wounding thirty in a second barrage within 24 hours.
Posted inGeopolitics
Turkey, Saudi Arabia and Pakistan Sign Mecca Defence Pact
The three nations signed the Mecca Joint Defence Agreement on August 7, pledging collective defence in language explicitly modelled on NATO’s mutual defence clause.