The UAE blames Donald Trump for Iran war economic fallout and has warned it may turn to yuan if dollars run short, according to a report.

Global oil prices climb markedly after renewed tensions in the Strait of Hormuz and the uncertainty of the prospects of further Iran-US negotiations.

The collapse of the Islamabad talks due to US overreach has led to escalating global economic turmoil, with rising energy prices, inflation, and weakening dollar dominance, exposing fractures in US alliances.

The Iranian foreign minister says the Strait of Hormuz is closed to those vessels involved in the anti-Iran war to prevent the abuse of aggressors from the strategic waterway.

Iran’s Parliament Speaker says efforts by the United States to control the global oil market will not prevent price rises.

Iran's Defense Council says the passage of non-hostile vessels through the Strait of Hormuz is possible only via coordination with Iranian officials, amid ongoing US-Israeli aggression against Iran.

Araghchi says Tehran has not closed the Strait of Hormuz, but has rather imposed restrictions on vessels linked to aggressors.