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USA

New US carrier arrives in Middle East to relieve long-deployed ship

US media quoted relatives of crew members saying living conditions had deteriorated on the USS Abraham Lincoln and there were also reports of several suicide attempts.

Markets

Oil jumps on Iran standoff as global stocks rebound on US bond move

Global shares rebounded and bond yields eased after Washington's debt buyback announcement, while oil held near multi-week highs amid the deadlocked US-Iran standoff

United Arab Emirates

UAE halts all trade and financial dealings with Iran

Abu Dhabi announced the suspension after Iran fired two ballistic missiles toward the country on Tuesday. The move severs ties with what had been a major trading partner for sanctioned Iran, as crude flow through the Strait of Hormuz has fallen to less than a quarter of pre-war levels.

United Arab Emirates

Iran targets UAE with two missiles, prompting first alert in months

Tuesday's alert was the first in months after a false alarm in June and a July alert for an attack that ultimately did not enter UAE territory. Before that, the last missile warning came in early May.

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Markets

European borrowing costs hit record highs on Iran war inflation fears

European government bonds came under significant selling pressure on Tuesday, with France’s 10-year bond yield hitting a 17-year high and Germany’s 10-year Bund yield reaching its highest level since 2011.

Economy

UK wage growth lags as Iran war weighs on cost of living

The ongoing Middle East crisis has led to soaring energy prices across the UK and much of Europe, further contributing to higher living costs.

USA

Trump threatens to bomb Oman if it impedes Strait of Hormuz talks

Tehran has been locked in ongoing talks with Oman over establishing a secure passage for commercial shipping through the Strait, which usually carries around a quarter of the world’s seaborne oil trade.

Yemen

Yemen risks return to 'full-scale conflict', UN rights chief warns

Earlier this month, the Houthi rebels launched their deadliest attacks in years, killing 58 government troops, according to a military source, mainly in the oil-rich Marib province.

Iran

After Trump warning, Tehran says Strait of Hormuz 'will remain Iranian

Speaking in New York on Friday, Trump, with a chuckle, said: "Pretty soon I'll be declaring the Hormuz Strait a territory of the United States."

USA

US pushes back on mental health crisis reports on USS Abraham Lincoln

The USS George Washington aircraft carrier is reportedly now set to take over from the Abraham Lincoln in the Middle East.

Iran

Iran rejects Trump claims of US control over Hormuz as 'lies'

Iran has kept control of Hormuz, a vital energy conduit, since the outbreak of the war on 28 February, requiring vessels to obtain permission and pay transit fees before using the waterway.

Oman

Oil spill from a grounded tanker has reached coastline, Oman says

The beaches of Ras Madrakah on mainland Oman, around 200 kilometres north of Qabiliyah Island, have also been contaminated, according to Oman's Environment Authority, which has been keeping an eye on the leak.

USA

'I think we will keep it,' Trump says about control of Hormuz strait

Iran maintains it effectively controls much of the waterway and intends to impose a toll system in response to the US war launched by Trump on 28 February.

Markets

World markets mixed as oil and gold rise ahead of US inflation data

Oil prices climbed and Wall Street pulled back from record highs, while South Korea's Kospi surged more than 4% on renewed chip-buying, as markets brace for a crucial US inflation reading.

Markets

Oil prices rise as Trump and Iran trade reparations demands

Oil prices and US government bond yields both climbed on Tuesday after US President Donald Trump answered Iran's demand for war reparations with a sweeping counterclaim of his own, pushing a deal to reopen the Strait of Hormuz further out of reach.

USA

Trump says will demand conflict compensation from Iran

Trump this weekend said he was "low-keying" his approach to the conflict, suggesting that he was prepared to let economic pressure mount in place of further military strikes.

Economy

US employers slash 23,000 jobs amid ongoing Iran war pressure

July's unemployment rate eased slightly to 4.1% from 4.2% in June, as more Americans leave the labour market.

Australia

Two Iranian women’s football players granted Australian citizenship

The Refugee Council of Australia, a nonprofit umbrella organisation representing asylum-seekers, said refugees usually must live in Australia on a valid visa for four years before they can apply for citizenship.

USA

Trump dismisses reports of munitions shortages, says US has enough

The Washington Post reported that Trump demanded answers about the munitions shortages from Pentagon chief Pete Hegseth last Friday, when they attended a cabinet meeting at the Camp David presidential retreat.

Iran

Trump warns Iran to open Strait of Hormuz or get 'hit very hard'

Iran has tightened its grip on Hormuz and wants to control the strait and charge tolls, powers it did not exercise before the war began on 28 February.