US launches Operation Economic Outcast to target Iran's enablers
The US Treasury Secretary has announced Operation Economic Outcast, a new campaign aimed at isolating Iran through economic pressure. The move is focused on entities described as Iran's enablers, according to the announcement. It marks a fresh step in Washington's sanctions policy toward Tehran.The operation was unveiled on 24 August 2026, with the Treasury Secretary presenting it as a targeted effort against networks that support Iran. The available material does not list specific companies, individuals or jurisdictions named under the campaign. It also does not provide details on the legal tools to be used, beyond the broad framing of sanctions... [Continue Reading]
360LiveNews | 24 Aug 2026 20:30 LONDON
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Houthis claim strike on Saudi tanker in latest Red Sea escalation
The Houthis have claimed responsibility for a strike on a Saudi tanker in the Red Sea, according to a report published on 24 August 2026. The claim was presented as the latest escalation in the maritime conflict affecting one of the world's busiest shipping corridors. No independent confirmation of the attack was included in the supplied material.The report did not provide the tanker's name, the exact location of the incident, or details on damage. It also did not say whether there were any casualties, whether the vessel was sailing under escort, or whether the ship continued its journey after the... [Continue Reading]
360LiveNews | 24 Aug 2026 17:33 LONDON
Iran warns of harsh response to anticipated US sanctions amid Strait of Hormuz tensions
Iran's foreign ministry spokesperson has warned that Tehran will respond harshly to expanded US sanctions, including possible measures against countries it believes are cooperating with Washington. The warning came on Monday as the United States prepared to announce details of what it says will be new sanctions against Iran. The comments add to an already tense standoff centred on shipping through the Strait of Hormuz.The latest exchange follows weeks of impasse between Tehran and Washington, with the waterway remaining a key pressure point. The supplied material says the United States has not yet dislodged Iran's grip on shipping through the... [Continue Reading]
360LiveNews | 24 Aug 2026 14:29 LONDON
Iran vows retaliation as US prepares fresh secondary sanctions
Tehran has vowed to retaliate against any country that cooperates with a new United States sanctions drive, as Washington prepares to widen pressure on Iran through secondary sanctions. The warning comes as the US Treasury secretary, Scott Bessent, describes the campaign as the "single greatest financial offensive ever marshalled against an adversary". The latest escalation also follows an announcement by the United Arab Emirates that it is ending all trade with Iran.According to the supplied reporting, the US plans to sanction any country or entity that continues trading with Iran, a step designed to deter third parties from helping Tehran... [Continue Reading]
360LiveNews | 24 Aug 2026 13:29 LONDON
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Pakistan army chief Munir travels to Tehran for Iran-US war mediation talks
Pakistan's army chief, Field Marshal Asim Munir, is travelling to Tehran on Monday for talks with senior Iranian officials, according to Iran's Foreign Ministry. The visit comes as Islamabad continues to present itself as a possible channel between Tehran and Washington amid the war involving the United States and Israel against Iran. It is Munir's third trip to Iran this year, underscoring the frequency of Pakistan's recent diplomatic engagement with Tehran.Iranian Foreign Ministry spokesperson Esmaeil Baghaei said the trip would build on Pakistan's efforts to help strengthen peace and security in the region. He said Munir would hold talks with... [Continue Reading]
360LiveNews | 24 Aug 2026 08:00 LONDON
Trump renews Strait of Hormuz claim as Iran threatens to keep waterway closed
Donald Trump has renewed his claim over the Strait of Hormuz after posting a map on Truth Social that depicted the strategic waterway as "new American territory". He did not comment on the image, but the post revived a dispute that has already drawn sharp responses from Iranian officials. The exchange centres on one of the world's most important shipping lanes and comes amid continuing tension between Washington and Tehran.The latest remarks were followed by a direct warning from Mohsen Rezaei, secretary of Iran's Supreme National Security Council, who said the strait would remain closed until the United States changes... [Continue Reading]
360LiveNews | 23 Aug 2026 15:29 LONDON
Breakfast News Recap: Sweden school attack kills girl as Canada readies tariff retaliation and Middle East tensions rise
Swedish police have confirmed that a 17 year old girl was killed in a sword attack at Brinell School in Fagersta, with two boys aged 12 and 17 also involved in the incident. 🔗In North America, Canada has said it will retaliate against the United States in a widening tariff dispute covering steel, dairy and electronics, with Prime Minister Mark Carney announcing new Canadian tariffs from 8 September. 🔗 President Donald Trump also said the United States had brought home an American hostage held by ISIS for ten months. 🔗Across the Middle East, Israeli military raids and settler attacks have... [Continue Reading]
360LiveNews Recap | 23 Aug 2026 08:34 LONDON
Chile closes embassy in Tehran amid US-Iran tensions
Chile has announced it will close its embassy in Tehran on 31 August, citing an internal operational reorganisation and security factors in the Middle East. The decision was set out in an official statement from Chile's foreign ministry on Saturday, and it comes as tensions between the United States and Iran continue to rise. Chile said the move is preventive and does not amount to a break in diplomatic relations with Iran.According to the statement, consular services previously handled by the embassy in the Iranian capital will be transferred to Chile's consulate in Ankara. The ministry said the closure is... [Continue Reading]
360LiveNews | 23 Aug 2026 03:31 LONDON
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South Korea sends first container ship through Arctic route on trial voyage
South Korea has launched its first commercial trial container voyage through the Arctic, with the PanStar Acro departing Busan New Port for Europe. The ship set sail on Saturday evening local time as part of a government-backed effort to test whether the Northern Sea Route can become commercially viable. The voyage is being watched closely because it could offer an alternative path for cargo between Asia and Europe.The Ministry of Oceans and Fisheries said the vessel departed at 9:30pm local time, or 12:30 GMT. The 2,758 TEU ship is carrying 837 TEU of cargo, including car parts, chemical products and... [Continue Reading]
360LiveNews | 22 Aug 2026 18:30 LONDON
World Bank warns Lebanon economy will contract 6.4% in 2026 after conflict escalation
Lebanon's economy is projected to shrink by 6.4% in 2026 after the March 2026 escalation in conflict with Israel disrupted a fragile recovery, according to the World Bank. The assessment says the renewed fighting damaged housing and infrastructure, displaced communities and hit tourism and domestic demand. It also says supply chains were interrupted, adding to pressure on businesses and households.The bank said Lebanon had entered 2026 on stronger footing after expanding by 4.2% in 2025, its fastest real gross domestic product growth since the 2019 financial collapse. That rebound was then sharply reversed by the conflict escalation in March, which... [Continue Reading]
360LiveNews | 22 Aug 2026 09:00 LONDON
Yemen fighting intensifies as government and Houthis trade attacks
Yemen's conflict has intensified sharply, with government forces saying they carried out 81 attacks on Houthi positions in the past 24 hours. The Houthis, meanwhile, said they launched drone strikes on two targets in Saudi Arabia's Najran province, including Najran airport and an Aramco facility. The exchanges mark one of the clearest signs in months that the country's long-running war may be moving back toward wider confrontation.Government spokesperson Majed Abdullah al-Nuzaili said the strikes led to the "neutralisation" of a number of Houthi fighters and field commanders. The Houthi military spokesperson, Yahya Saree, said the group "successfully" hit the two... [Continue Reading]
360LiveNews | 21 Aug 2026 01:00 LONDON
Armed men seize tanker off Yemen and divert it toward Somalia
A tanker has been seized in the Gulf of Aden after six armed people boarded the vessel off the coast of Yemen and took control of it, according to the United Kingdom Maritime Trade Operations centre. The ship, identified as Seamull and also known as SIBU 1, was reported to be travelling westwards when it broadcast a distress call saying it was being approached by an unauthorised vessel. The incident took place about 136 nautical miles east of Yemen's Al Mukalla, placing it in a major international shipping corridor.UKMTO said it received confirmation that the tanker had been boarded and... [Continue Reading]
360LiveNews | 20 Aug 2026 17:00 LONDON
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UAE halts trade and financial dealings with Iran after missile escalation
The United Arab Emirates has halted all trade, commercial exchange and financial transactions with Iran until further notice after reporting a missile incident it says reached Emirati territorial waters. The move marks a further deterioration in relations between the two neighbours and comes amid a wider regional escalation. Abu Dhabi said the missiles were later described as having been directed at shipping.Afra Al Hameli, director of the Strategic Communications Department at the Ministry of Foreign Affairs, said the decision was taken in light of regional escalations. She said the UAE remained committed to safeguarding the integrity of the international financial... [Continue Reading]
360LiveNews | 19 Aug 2026 16:02 LONDON
Fresh strikes on ships in the Strait of Hormuz drive oil prices higher
Three ships passing through the Strait of Hormuz have been hit in recent days, according to British maritime officials, in a renewed wave of attacks on one of the world's most important shipping routes. The incidents took place in the narrow waterway between Iran and Oman, where a large share of global oil shipments normally passes. Officials said the vessels were struck by unknown projectiles, and casualties were reported.The United Kingdom Maritime Trade Operations agency said the attacks resulted in two casualties. INTERCARGO, the association of cargo shipowners, said a sailor aboard the Liberian-flagged bulk carrier Minoan Dynasty was killed... [Continue Reading]
360LiveNews | 19 Aug 2026 10:00 LONDON
Iran war drives UAE trade suspension and coal profit surge amid energy shock
The war involving Iran is continuing to disrupt energy and trade flows across the Gulf, with the United Arab Emirates suspending trade, commercial exchanges and financial transactions with Iran after saying it detected two ballistic missiles launched from Iranian territory. At the same time, coal producers are reporting stronger profits as buyers look for alternative fuels amid reduced oil and gas supplies. The developments underline how the conflict is rippling beyond the battlefield into shipping, commodities and regional commerce.According to the supplied material, the UAE moved to halt trade-related activity with Iran after the missile launches were detected. The same... [Continue Reading]
360LiveNews | 19 Aug 2026 08:30 LONDON
Ship hit in the Strait of Hormuz as Iran's top negotiator says passage will remain shut
A ship has been hit in the Strait of Hormuz, according to the supplied report, in an incident that comes as Iran's top negotiator said the waterway would remain shut. The event took place in one of the world's most sensitive maritime chokepoints, where traffic is closely watched because of its importance to global energy flows. The report does not provide further details on the vessel, the extent of damage, or whether anyone was hurt.The available material confirms only that the ship was struck and that the statement on the strait's status was made by Iran's top negotiator. No timing... [Continue Reading]
360LiveNews | 18 Aug 2026 11:36 LONDON
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China's Sea Legend announces Arctic shipping route to Europe amid Red Sea disruption
China has announced a new Arctic shipping route linking Ningbo on its east coast with Felixstowe in eastern England, via Russia's Northern Sea Route. The service has been presented as an alternative trade corridor at a time when shipping through the Middle East has been disrupted. The route is being marketed under the name "Ice Silk Road," a reference to China's historic overland trade links with Europe.The announcement was made by the container shipping company Sea Legend, which said it formally launched the route last week. According to the supporting material, the company had already carried out a test voyage... [Continue Reading]
360LiveNews | 18 Aug 2026 08:03 LONDON
Iran threatens fresh offensive as US ceasefire talks stall
A senior Iranian official has said Tehran will shift to a fully offensive military posture as efforts to secure a permanent end to the war with the United States stall. The warning comes amid renewed tension over the Strait of Hormuz, a strategic waterway that remains central to the wider dispute. Washington has ruled out extending a temporary ceasefire agreement, leaving the diplomatic track under fresh strain.The official said Iranian entities should be prepared to escalate tensions in the strait and the wider region, and added that Tehran would carry out a timely and precise military attack if diplomacy failed.... [Continue Reading]
360LiveNews | 18 Aug 2026 01:00 LONDON
