live U.S.-Iran standoff continues as Hormuz shipping and diplomacy remain uncertain
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to res...
White House trade adviser Peter Navarro warned on Monday (September 1) that the future of the United States rests with the Supreme Court as it prepares to rule on President Donald Trump’s use of emergency powers to impose sweeping tariffs.
Navarro described the case as “arguably the single most important economic case that has ever come before the Supreme Court,” telling reporters outside the White House that if a lower court’s decision is upheld, “President Trump has correctly said that will be the end of the United States.”
On Friday, the U.S. Court of Appeals for the Federal Circuit in Washington, D.C., ruled 7-4 that most of Trump’s tariffs were illegal, striking at the core of one of his main economic policy tools. The court, however, allowed the tariffs to remain in effect until October 14, giving the administration time to appeal to the Supreme Court. The ruling covered Trump’s so-called “reciprocal” tariffs introduced in April as part of a broader trade war, as well as additional tariffs imposed in February on China, Canada, and Mexico to counter fentanyl imports.
Navarro also commented on U.S. policy toward India, after Trump imposed tariffs on Indian exports in response to New Delhi’s increasing purchases of Russian crude oil. India has become the largest buyer of Russian seaborne oil, taking advantage of discounted prices after the U.S. and European allies imposed sanctions on Moscow over its invasion of Ukraine in February 2022.
The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 19th of August, covering the latest developments.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
North Korea has fired more than 10 short-range ballistic missiles after U.S. President Donald Trump reduced American participation in joint military exercises with South Korea in an effort to revive dialogue with Pyongyang.
Georgia’s foreign trade data for January-July 2026 shows Kyrgyzstan, China and Russia as its top three export markets, highlighting its Middle Corridor ambitions and complex economic ties with Moscow.
Kazakhstan will vote on 23 August in its first parliamentary election under the new Constitution, choosing 145 members of the new Kurultai under a fundamentally changed electoral system based entirely on party lists.
Five years after Evergrande's debt crisis rattled global markets, founder Hui Ka Yan has been sentenced to life in prison, marking a dramatic new chapter in the downfall of China's former property giant.
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