David S. Cloud

The United Arab Emirates has opened talks with the U.S. about obtaining a financial backstop in case the Iran war plunges the oil-rich Persian Gulf state into a deeper crisis, U.S. officials said. U.A.E. Central Bank Governor Khaled Mohamed Balama raised the idea of a currency-swap line with Treasu

The Treasury Department will accuse Iraq’s deputy oil minister of helping Tehran to violate an international embargo.

Prime Minister-designate Ali Al Zaidi is under pressure from the U.S. to curtail the influence of Tehran-backed militias, despite U.S. questions about his bank’s ties to the groups.

A U.S. helicopter crash spurred an escalation that led both sides to back down and negotiate.

Tehran has a well-worn playbook for drawing out negotiations and putting off concessions that cross its redlines.

Read this exciting story from The Wall Street Journal July 02, 2026 issue. Before the Iran war, 40,000 shipping containers a day moved through Jebel Ali port, a sprawling complex of deep-water piers and warehouses that powered this city-state’s rise from backwater to international powerhouse.

Iraq agrees to new controls aimed at preventing U.S. dollars from flowing to Iran and its militia allies in exchange for the Trump administration lifting a four-month suspension of U.S. currency shipments to Baghdad.

WASHINGTON—Iraq has agreed to new controls aimed at preventing U.S. dollars from flowing to Iran and its militia allies in exchange for the Trump

Tehran reconstituted some of its weapons programs after the U.S. and Israel tried to destroy them in the early days of the war.

With deadly attacks on an air base in Jordan , Iran has proved that it retains a significant missile and drone arsenal that still threatens American