WS #14051
US threatens indefinite naval blockade of Iran and 'unprecedented' sanctions; UAE accuses Iran of attacking two ADNOC vessels in the Strait of Hormuz, escalating supply risk and supporting oil prices. Trump imposes tariffs up to 100% on imported drones, effective September 3, boosting domestic drone makers and pressuring importers.
Middle East escalation and oil supply risk
US threatens indefinite naval blockade of Iran and 'unprecedented' sanctions; UAE accuses Iran of attacking two ADNOC vessels in the Strait of Hormuz, escalating supply risk and supporting oil prices.
Trump imposes tariffs up to 100% on imported drones, effective September 3, boosting domestic drone makers and pressuring importers.