live U.S. pressure on Iran intensifies as sanctions and blockade take hold
U.S. efforts to squeeze Iran’s economy through an oil blockade and sanctions are becoming increasingly difficult for Tehran to withstand, acc...
What began as a viral TikTok video has now left shelves bare and pistachio prices surging. Dubai chocolate, a luxury milk chocolate bar filled with pistachio cream and delicate kataifi pastry, has taken the world by storm. And the nut that gives it its green glow? In dangerously short supply.
Originally crafted by boutique Emirati chocolatier FIX in 2021, the bar exploded in popularity after a TikTok video late last year racked up over 120 million views. Influencers, foodies and retailers scrambled to get in on the craze. Knock-off versions from Lindt, Läderach and even British supermarkets like Morrisons followed fast.
But with fame came pressure. Pistachio kernels — the shelled green nuts used in these bars — are now scarce. According to industry expert Giles Hacking from CG Hacking, the price per pound has jumped from $7.95 to $10.30 in just a year. “The pistachio world is basically tapped out at the moment,” he told the Financial Times.
A poor U.S. harvest in 2023 had already tightened supply. American growers produced higher-quality nuts, which are sold whole and shelled — leaving fewer of the cheaper, shelled kernels for manufacturers. Iran, the world’s second-largest producer, has been shipping more pistachios to the UAE, with exports jumping 40% in six months. That’s helped feed demand in Dubai, but left other buyers short.
The result? Long queues outside chocolate shops, rationing in some stores, and a spike in prices that’s rattling supply chains well beyond the Gulf. In Germany, people have lined up outside Lindt boutiques for a chance at limited edition Dubai bars.
“This came out of nowhere,” said Charles Jandreau of the Prestat Group. “Suddenly you see it in every corner shop.”
The world’s sweet tooth has spoken. But the cost of viral delight is now being measured in nuts — and rising fast.
Russian President Vladimir Putin has said that he thinks there is a chance of a peace being reached with Ukraine. He told the Eastern Economic Forum in Vladivostok, Russia that he believed there was "a chance of finding a solution," to the conflict.
The U.S. has launched a fresh wave of strikes on Iran, targeting Islamic Revolutionary Guard Corps (IRGC) sites as Tehran retaliated against U.S. positions across the region, while Iranian officials said at least five people were killed and dozens wounded at a wedding near Sirik.
The Iranian Health Ministry said at least 18 people were killed and 142 others injured in U.S. airstrikes carried out between 30 August and 2 September.
The European Union's foreign policy chief Kaia Kallas says the bloc will tighten enforcement of sanctions against Russia over its war in Ukraine. EU foreign ministers were meeting in Ireland following renewed Russian strikes on cities across Ukraine.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 3rd of September, covering the latest developments.
Ukrainian President Volodymir Zelenskyy says envoys from the United States will be visiting Moscow and Kyiv to negotiate an end to the conflict.
The Trump administration pressured U.S. space companies not to attend a high-profile space summit in Paris organised by French President Emmanuel Macron, prompting a last-minute reshuffle and the cancellation of some planned announcements, according to sources familiar with the matter.
A Russian court on Thursday imposed restrictions on Lida Moniava, the founder of a children’s hospice, who is accused of spreading false information about the Russian military’s actions in Ukraine.
China’s state-owned shipping giant COSCO has used concealed equipment aboard some of its vessels to collect intelligence on military communications near the coastlines of countries including the U.S., according to two senior Trump administration officials.
The U.S. House of Representatives has passed legislation that would block federal funding for universities that boycott Israel, as Republicans push ahead with pro-Israel measures despite growing criticism of the Israeli government over the war in Gaza.
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