Reuters: Iran threatened on Monday to retaliate against any new U.S. attacks on its assets, warning that energy infrastructure across the Gulf, including U.S. oil and gas interests, was vulnerable.
“Strike our assets and you get struck,” Iranian Parliament Speaker Mohammad Baqer Qalibaf said after U.S. and Iranian strikes on shipping at the weekend that pushed oil prices up near six-week highs on Monday…
Iran’s Oil Dollars Are Drying Up—and Plunging It Deeper Into Crisis
No Iranian crude has crossed the blockade since it was reinstated by the U.S. Navy in mid-July, according to ship tracker Kpler. Iran is still loading small amounts of oil onto tankers, but those barrels remain trapped inside the Gulf.
…Six months into the war, the oil squeeze is depriving Tehran of its main source of foreign currency as the value of the Iranian rial plunges, inflation soars and the economy slides deeper into crisis…
Iran’s Hormuz leverage wanes as US economic squeeze bites
After years of surviving sanctions, Tehran is now confronting one of the harshest squeezes in the Islamic Republic’s history, according to Iranian insiders and regional sources. A U.S. naval blockade and tougher sanctions are curbing oil exports, restricting access to foreign currency and exposing growing strains in the economy…
UAE says its energy exports will not be ‘held hostage’ by Iran war
The United Arab Emirates is building alternative routes for its energy exports and trade to ensure they are not “held hostage” by the ongoing war between the U.S. and Iran, UAE presidential adviser Anwar Gargash said on Monday…
As War Grinds On, Trump Relishes Renovation Projects
As the war with Iran grinds on, Mr. Trump finds reprieve by focusing on the minutia of an endeavor much more within his grasp: renovating Washington with ornate projects.
“He loves to build,” Mr. Lutnick said, shortly before an emergency hearing about Mr. Trump’s desire to rename the John F. Kennedy Center for the Performing Arts in his own honor. Mr. Lutnick added: “This is what he enjoys. So late at night, 11 o’clock at night, he calls me and wants to talk about things he’s building, because it’s fun for him.”…