Treasury Secretary Scott Bessent last week warned that airlines were possible sanctions targets along with digital assets and the maritime industry.
The U.S. Treasury said it views Banque Misr's six UAE branches as a "critical node" for the Iranian government’s access to U.S. dollars.
Shipping traffic through the Strait of Hormuz fell to eight vessels on Tuesday, compared with a 10-day average of about 12 vessels, and 130 to 140...
Many G7 leaders have been directly impacted by Trump's volatile moves on the global stage that have upended the Middle East, global trade and diplomacy.
British Prime Minister Keir Starmer: "We are clear that toll-free freedom of navigation must now be restored in the Strait of Hormuz... Iran must never have...
Trump updated Netanyahu on the progress toward a peace deal during a phone call on Sunday, Israel's N12 reported, citing a senior official.
While the meeting produced a calmer tone and modest commercial agreements, key disputes over trade, technology and regional influence remain largely unsettled.
But economists are urging governments to use only targeted and temporary steps to ease the pain of higher prices for their citizens, since broader measures could...
Asian markets were in a wary mood on Monday as the Gulf hostilities kept oil prices elevated. Brent rose 0.1% to $103.27 a barrel, while U.S....
However, limited international recognition, reduced foreign aid, and continued restrictions on women’s participation in public life continue to constrain broader growth.
He also extended an invitation to international investors to explore Afghanistan’s vast natural resources and mining opportunities.