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Asia
China
5:10pm, 10 Mar 2026 China has built the world’s largest highway network as it attempts to boost economic growth and stimulate consumer spending through infrastructure investment. But rising geopolitical risks along its borders – fuelled by territorial disputes, conflicts between neighbouring states and Beijing’s concern that terrorism could spill over – have heightened the strategic importance of logistics in frontier regions. China plans to further strengthen its strategic transport network in sensitive border regions over the next five years to fortify and better project power along its remote frontiers amid rising geopolitical uncertainty. In the event of an emergency, personnel and resources could be deployed more quickly to frontier regions, which is crucial for border stability and national defence. One project involves building a 394km highway linking the northern and southern sides of the rugged Tianshan Mountains in far-western Xinjiang Uygur autonomous region, according to the draft 15th five-year plan released last week. The route will run parallel to a strategic road built in the 1970s to improve military mobility following the 1962 Sino-India border war. Construction of the Dushanzi-Kuqa Highway in central Xinjiang began in September and is expected to finish in 2032. Once completed, it will allow year-round travel and cut journeys across the Tianshan Mountains to half or a third of the time. Under the plan, which outlines China’s policy priorities for the rest of the decade, China aims to complete two highways spanning all nine of its land-border provinces and advance construction of the National Coastal Highway along its east coast that links the port city of Dandong, near North Korea, with Dongxing on the border with Vietnam. It also proposes upgrading the three existing highways running into Tibet. In August, Beijing established the Xinjiang-Tibet Railway Company to oversee the construction of a strategic 1,980km artery between Lhasa in Tibet and Hotan in Xinjiang. Sitting on the Karakoram plateau, Hotan administers the Galwan Valley, the hotly contested area at the centre of the bloody war in 1962 and a deadly clash in 2020 that resulted in months of military stand-off with India and a diplomatic chill between the two Asian powers that only began to thaw last year. Following the Galwan clashes, both Beijing and Delhi have significantly ramped up infrastructure construction near border regions. In 2022, China unveiled plans for a new highway between Tibet’s Lhunze and Xinjiang’s Mazha that will run near disputed areas, such as the Depsang Plains, the Galwan Valley and Hot Springs on the Line of Actual Control (LAC). In 2024, the Indian government approved a plan to build the 1,637km Arunachal Frontier Highway, which is expected to connect 12 districts and 1,683 villages along the LAC, according to The Times of India. The construction pushes have sparked diplomatic tension. In January, India’s external affairs ministry lodged a protest over China’s road construction in Shaksgam Valley, which is administered by China as part of the Kashgar prefecture in Xinjiang. India, which sees the region as part of its territory, called the Chinese construction an illegal occupation, while the Chinese foreign ministry responded that the area belongs to China, adding that it was fully justified in conducting infrastructure construction on its own territory. (Source: South China Morning Post)
2026-03-10 10:08 China today noted that keeping the Strait of Hormuz secure is vital for global energy supplies. Geng, spokesperson for China’s Foreign Ministry, underscored Beijing’s focus on halting military conflict, noting that China’s special envoy for Middle East affairs plans to travel across the region to support stability and encourage dialogue among all parties involved. Stressing the importance of safeguarding shipping lanes and oil flows through the Strait of Hormuz, he urged the international community to cooperate in preserving stability. Earlier today, US President Trump threatened Iran with a strike ’20 times stronger’ than anything it has faced if the country moves to block oil shipments through the Strait of Hormuz which handles roughly 4.5% of total global trade annually. Oil prices jumped more than 20% yesterday to their highest levels since July 2022. (Source: Shafaq News - Kurdistan)
India
(11 March 2026) Yesterday, White House Press Secretary Leavitt described India as a good actor that had previously stopped buying sanctioned Russian oil amid Moscow’s war on Ukraine. “So as we work to appease this temporary gap of oil supply around the world because of the Iranians, we have temporarily permitted them to accept that Russian oil,’ she said. The opposition leader Ramesh today in Congress described remarks by the United States that Washington had ’temporarily permitted’ India to accept Russian oil as a ’capitulation certificate’ for Prime Minister Narendra Modi. The recent waiver follows earlier tensions between the US and India over New Delhi’s purchases of Russian crude oil. The Trump administration had in August imposed a punitive levy on India for buying oil from Russia amid the Ukraine war. This had taken the combined US tariff rate to 50%. On February 7, Trump issued an executive order to remove the additional 25% punitive tariff on imports from India over New Delhi’s purchase of Russian oil. This brought the effective US tariff rate on Indian imports to 18% after the interim trade deal was agreed to. On March 5, the US had granted Indian refiners a 30-day waiver to buy Russian oil stranded at sea amid the conflict in West Asia. (Source: Scroll – India)
Iran
(Wednesday), 10:39-11 March 2026 AD ـ 22 Ramadan Iran's Kharg Island, about 25 kilometers south of the mainland in the north of the Gulf hosts the country's main crude export terminal and is responsible for the overwhelming majority of its oil shipments to the world. Kharg underwent key developments during Iran's oil expansion in the 1960s and 1970s, with much of the country's coast too shallow for supertankers. The island handles roughly 90 percent of Iran's crude exports. Any attempt to seize it would mark a major escalation in the conflict. The US and Israel have so far treaded carefully around the island. But an Axios report over the weekend cited Trump administration officials saying capturing Kharg was on the table as the war in the Middle East persists. Iran has looked to diversify its export capabilities by opening the Jask terminal outside the Strait of Hormuz chokepoint in the Gulf of Oman in 2021, but Kharg remains a critical vulnerability for Iran. ’A direct strike would immediately halt the bulk of Iran's crude exports, likely triggering severe retaliation in the Strait of Hormuz or against regional energy infrastructure,’ JP Morgan said. It is a cornerstone of Iran's economy and a major source of revenue for the Iranian Revolutionary Guard, JP Morgan added. Over the weekend, the director of the White House National Energy Dominance Council, Agen, told Fox News that ’what we want to do is get such massive oil reserves in Iran out of the hands of terrorists’. Also in recent days, the Washington Post reported heightened speculation that US ground forces could be being prepared to deploy, citing analysts saying Kharg Island would be an early target. Not a wise move during combat, when Kharg is almost an entire island of oil facilities and pipelines and tank farms. Iranian strikes have all but halted maritime traffic in the Strait of Hormuz and have also impacted oil infrastructure in other Gulf states. Iran - the fourth-biggest crude producer within the Organization of the Petroleum Exporting Countries (OPEC) -- vowed not one liter of oil would be exported from the Gulf while the war continues. Any attack on its infrastructure would get an eye for an eye response, it said. On Saturday, Israel launched its first attack of the war on oil facilities in Iran. It said they were used to operate military infrastructure. The same day, Israeli opposition leader Lapid argued for stronger steps, saying in an X post: ’Israel needs to destroy all of Iran's oil fields and energy industry on Kharg Island; that's what will crush Iran's economy and bring down the regime.’ (Source: Asharq Al-Awsat - based in London, United Kingdom, owned by a member of the Saudy royal family)
11.03.2026 Funeral ceremonies for slain military commanders, including former Revolutionary Guards commander Pakpour, former armed forces chief of staff Mosavi, and former Defense Council chief Shamkhani, are set to take place in Tehran today afternoon. Iran’s military threatened today to launch retaliatory attacks on American and Israeli banks in the region following an airstrike on a bank in Tehran. A spokesperson for the Khatam al-Anbiya Central Headquarters, the unified command of Iran’s armed forces, said that a bank in the Iranian capital was struck by the US and Israel yesterday, adding that it has left Iran’s armed forces with the right to target economic centers and banks belonging to the US and Israel across the region. The spokesperson also urged people in countries hosting US and Israeli banks to stay out of a one-kilometre radius of these facilities. (Source: Anadolu Agency - Turkey)
Mar 10, 2026 Ten days into President Trump's Iran campaign, the war has gone global. At least 20 countries are now militarily involved - shooting, shielding or quietly supplying - while a widening energy shock punishes nations far from the front lines. Iran has struck at least 10 countries since the war began, hitting U.S. and Israeli bases, Persian Gulf capitals, oil infrastructure and civilian areas in an attempt to impose maximum pain on Washington and its allies, and has effectively closed the Strait of Hormuz. Prices for oil, gas, plastics and fertilizers are soaring across the globe. Israel is fighting on two fronts - pounding Iran while battling Hezbollah on the ground in Lebanon, where more than 500,000 people have been displaced in a week. The war is pulling European militaries into the conflict, forcing NATO to shoot down Iranian missiles over allied territory. France has dispatched its nuclear-powered aircraft carrier to the Eastern Mediterranean, joining British warships after an ’Iranian-made drone’ struck a U.K. air base on Cyprus, a member of the European Union. Greece and Turkey - bitter rivals within NATO - also have rushed forces to Cyprus, where their fighter jets now face each other across a partition line that has divided the island for 50 years. Australia said yesterday it's sending missiles and a radar plane to help the UAE and other Gulf countries defend themselves from Iran. Russia has been sharing satellite imagery of U.S. warships and aircraft with Iran, the Washington Post first reported. China, which is set to welcome Trump for a state visit in a matter of weeks, ’is navigating the war from both sides’. It has been calling for a ceasefire and pressuring Iran to reopen the Strait of Hormuz, which Beijing relies on for roughly 40% of its oil imports. U.S. intelligence shows China may be preparing to supply Iran with financial assistance, spare parts and missile components, according to CNN. India is back to buying Russian oil after the U.S. waived sanctions to help manage the energy crisis. (Source: Axios – U.S.)
10.03.2026 Late yesterday, in an interview with CNN, Kharazi, a foreign policy adviser to the office of Iran’s supreme leader ruled out diplomacy and said Tehran is prepared for a prolonged war with Washington and may continue attacking Gulf countries to pressure them to urge US President Trump to step back from the conflict. ’Trump had been deceiving others and not keeping with his promises, and we experienced this in two times of negotiations - that while we were engaged in negotiation, they struck us,’ Kharazi told CNN yesterday. Asked whether Iran’s military and leadership remain unified, Kharazi said they do. “The responsibility of the leader of Islamic Republic of Iran is to lead the defense capability of Iran, and therefore, as Ayatollah Khamenei was doing that, now the new leader would do that,” he added. Trump said last week that Mojtaba’s appointment as his father, Khamenei’s successor would be ’unacceptable’ to him. “That is not his business,” Kharazi said. Iran has retaliated with drone and missile strikes targeting Israel, Jordan, Iraq, and Gulf countries that are home to US military assets. Iran also effectively closed the Strait of Hormuz, which normally handles about 20 million barrels of oil shipments daily and around 20% of global liquefied natural gas trade, most of which is destined for Asian markets, also cutting off the region’s large exports of crop nutrients used in fertilizer production. The supply shock, combined with rising energy and freight costs, is expected to increase pressure on global food supply chains and contribute to higher food prices worldwide. (Source: Anadolu Agency - Turkey)
Iraq
(Tuesday), Mar. 10, 2026 Kataib al-Imam Ali, which makes up the PMF's 40th Brigade, today said that 'a cowardly American attack' targeting one of its bases in Kirkuk's Dibis had killed four of its fighters. Shortly after the pro-Iran group's announcement, Iraq's Joint Operations Command condemned the attack as 'a blatant attack on Iraq.' On Saturday, another position of Kataib al-Imam Ali was attacked in the Qayyarah town south of Mosul, in which at least one person was killed. Iran-backed Iraqi factions have claimed responsibility for several recent attacks on US interests in Iraq and the Kurdistan Region, including the US Embassy in Baghdad, the Consulate General in Erbil, and American military bases. The attacks have also targeted bases of Iranian-Kurdish opposition groups, the Turkish consulate in Sulaimani, the Emirati consulate in Erbil, and civilian infrastructure like hotels and telecommunication towers. At least three people have so far been killed in the attacks on the Kurdistan Region. (Source: The NewRegion - headquartered in Erbil Governorate, Iraq)
March 10, 2026, 8:19 AM The most important question: why this war has erupted at this particular moment, and what ’the major powers’ seek to achieve through it. The most common explanation links the war directly to Iran: its nuclear programme, its missile capabilities and its regional influence. Iran may be the immediate target, but it is not the only objective. The first dimension relates to Israel. Iran is not merely a hostile state; it is a country with a large industrial, military and demographic base, capable of developing advanced military programmes and building a network of regional influence that stretches across several countries. The deeper objective is to eliminate Iran’s ability to re-emerge in the future as a threatening regional power. This explains why some strands of Israeli strategic thinking go beyond simply targeting Iran’s nuclear or missile programmes, extending instead to weakening the Iranian state itself or altering the nature of the system that governs it. The war unfolding today appears closer to an attempt to reshape the balance of power in the Middle East. Since the fall of Saddam’s regime in Iraq in 2003, a new regional order has emerged, characterised by a fragile balance among several key powers: Iran, Turkey, Israel and the Gulf states. This balance enabled Iran to expand its influence across several regional arenas, making it a central actor in the region’s strategic equations. The current war may represent an attempt to redraw this balance. Iran emerges weakened or exhausted, thereby opening the way for a new regional order in which Israel assumes a greater economic and military role, alongside an expanded role for other regional powers. The third dimension relates to Iran’s ability to threaten maritime navigation or target energy infrastructure - a strategic concern for countries ’around the world, primarily the US’. Weakening Iran militarily could effectively secure the flow of global energy in the Gulf region and the Strait of Hormuz under a security umbrella led by Washington, thereby strengthening its capacity to influence one of the most vital levers of the global economy. The fourth dimension concerns great power competition. In recent years, Iran has strengthened its relations with both Russia and China, in military as well as economic spheres. In some western strategic circles, this growing alignment has been viewed as part of a broader axis seeking to reduce western influence in the Middle East. From this perspective, weakening Iran could also reduce the scope of Russian and Chinese influence in the region. And there is the dimension of military dominance. The region remains a strategic crossroads within the international system for the US at the intersection of global trade routes, energy flows and vital maritime corridors. One of the war’s unstated objectives may be to send a broader deterrent message within the international system, reasserting American military dominance in the region. In light of these factors, the current war may represent a moment of profound transformation in the regional order of the Middle East. The region could change significantly, potentially giving rise to a new regional order. Political and security vacuums’ effects of a weakened emerged Iran may extend across a number of countries in the region. For Iraq, the post-war phase represents both a challenge and an opportunity. By virtue of its geography and its political and economic relations with Iran, the Gulf states and the US, Iraq is likely to be among the countries most affected by the outcome of this war. It becomes essential for Iraqi foreign policy to adopt a pragmatic approach built on three fundamental principles. The first is to insulate Iraq from regional conflicts and prevent its territory from becoming a battleground among competing powers as much as is feasibly possible. The second is to maintain balanced relations with major international and regional actors, enabling Baghdad to act as a bridge for dialogue rather than as an arena of confrontation. The third principle is to use regional transformations as leverage to strengthen Iraq’s role as a balancing state in the region – capable of playing a greater political and economic role within the emerging regional order. (Source: The National – United Arab Emirates)
by Alaaldin, a foreign affairs adviser to the Prime Minister of Iraq
Israel
10.03.2026 Israel said today that a total of 2,339 injured people, including both civilians and soldiers, have been admitted to hospitals since the start of the US-Israeli war on Iran on Feb. 28. At least 191 injured people were admitted to hospitals in the past 24 hours. 95 people are currently hospitalized, including one in critical condition. (Source: Anadolu Agency - Turkey)
March 10, 2026 at 8:55 am Speaking yesterday, an Israeli official has criticised remarks by US President Trump suggesting the war with Iran is close to ending, saying: ’Nothing has been completed yet’. ’Our initial assessment was that the battle would take about two weeks,’ the senior Israeli official said, reported by Israel’s privately owned Channel 15 television, which did not name the official. Earlier yesterday evening, Trump told CBS News that the war was nearly over. He said: ’I think the war is very complete, pretty much. They have no navy, no communications, they’ve got no Air Force.’ He added: the US is ’very far’ ahead of his initial 4-5 week estimated time frame for the war. (Source: Middle East Monitor – located in London, United Kingdom, financed by the State of Qatar)
Jordan
10 March 2026 12:21 (UTC +04:00) On the night of March 10, a missile strike was launched at the military base in Al-Azraq, Jordan, where Bundeswehr and U.S. Air Force personnel are stationed. The missiles were launched from Iran. One of the projectiles hit a building where the FRG contingent was housed, however, the military personnel were in shelters at the time of the attack, so no one was injured. The Bundeswehr has been at the Al-Azraq base for several years, participating from there in the international coalition against the terrorist group islamic state. (Source: APA – Azerbaijan)
Lebanon
(Wednesday), 05:12-11 March 2026 AD ـ 22 Ramadan The Israeli military ordered reinforcements to the area bordering Lebanon including its elite Golani Brigade. It has also sent more soldiers into south Lebanon, where some of its troops had remained since 2024, establishing what it has called forward defensive positions to guard against the risk of Hezbollah attacks on northern Israel. Hezbollah fighters were braced for the possibility of a full-scale Israeli invasion of the south. Around 5:30 a.m. (0330 GMT) an Israeli strike hit an apartment block in central Beirut today in Aisha Bakkar neighborhood, beyond the Hezbollah-controlled southern suburbs where heavy bombardment continued. On Sunday, an Israeli strike hit a hotel in the seafront Raouche neighborhood. The Israeli military said that strike killed five senior members of Iran's Revolutionary Guards, which established Hezbollah in 1982. Israel kept up heavy strikes on the southern suburbs, known as Dahieh, overnight and into today, sending towers of smoke billowing across the skyline. Israel has ordered residents of Dahieh to leave, along with residents of a swathe of southern Lebanon and parts of the east - all areas where Hezbollah has a grip on security and political sway. Since March 2, Israeli strikes have killed 570 people in Lebanon, and uprooted 700,000 more, Lebanese authorities say. Adding to the death toll, Israeli strikes killed seven people in the eastern Bekaa Valley today morning, and another seven in south Lebanon. After fleeing their homes, around 100,000 people are in organized shelters. France will provide 60 metric tons of humanitarian aid for Lebanon, French Foreign Minister Barrot said. (Source: Asharq Al-Awsat - based in London, United Kingdom, owned by a member of the Saudy royal family)
10.03.2026 Israel and the US launched a joint attack on Iran on Feb. 28. The conflict spilled over to Lebanon, with Israel launching deadly airstrikes that have so far killed nearly 500 people and displaced thousands. The Israeli army launched attacks in southern Lebanon today, shortly after issuing in a statement on the US social media company X immediate evacuation orders for residents in areas south of the Litani River to move north ahead of attacks. The army also ordered immediate evacuation orders for residents in the coastal cities of Tyre and Sidon ahead of attacks against what Tel Aviv described as Hezbollah infrastructure. It called on residents of buildings marked in red on the attached maps, as well as nearby structures, to evacuate immediately and move at least 300 meters away. Two airstrikes targeted the towns of Deir Siryan and Taybeh in Marjayoun. Fighter jets also struck a building in Aabbasiyyeh town in Tyre. The Israeli army confirmed that its aircraft bombed what it called Hezbollah infrastructure in the town of Ansariyah in southern Lebanon. The army said airstrikes yesterday targeted assets and cash storage facilities belonging to Al-Qard Al-Hassan, claiming the funds are used by the group to purchase weapons, and pay Hezbollah fighters. In recent days, Israeli forces have carried out airstrikes on facilities linked to the association at multiple locations across Lebanon, including the capital Beirut. The attacks came as Israeli forces attempted to advance on the ground in southern Lebanon amid cross-border attacks with Hezbollah. Earlier today, Hezbollah said its fighters engaged in intense clashes with the advancing Israeli force in Khiam, damaging two Merkava tanks. It also said it targeted an Israeli force with rockets as it attempted to infiltrate toward the border town of Houla. (Source: Anadolu Agency - Turkey)
Oman
Mar 11, 2026, 10:15 AM CDT Today, Iranian drones struck oil storage facilities at the Port of Salalah, located on Oman’s southern coast along the Arabian Sea. Fuel storage tanks at the port were hit in the strike. No merchant vessels in the area were damaged. The strike raises fresh concerns that Iran is expanding the conflict beyond the Gulf chokepoint and into alternative export routes used by oil producers and shipping companies. Earlier this month, drones hit a fuel storage tank at the Port of Duqm in Oman, another strategic energy hub located outside the Strait of Hormuz. Iran also targeted vessels attempting to transit the Strait of Hormuz today, according to statements from the Islamic Revolutionary Guard Corps reported by Iran’s semi-official Fars News Agency. The Thai-flagged bulk carrier Mayuree Naree and the Liberian-flagged Express Rome vessel was struck by Iranian projectiles after ignoring warnings from Iranian naval forces, according to the statement. According to the UK Maritime Trade Operations (UKMTO), at least 13 vessels have been attacked across the Persian Gulf, Strait of Hormuz, and Gulf of Oman since hostilities began on February 28 following U.S.-Israeli strikes on Iran and Tehran’s retaliatory response. With attacks now targeting ports, storage facilities, and commercial shipping simultaneously, analysts warn the conflict is increasingly evolving into a broader campaign aimed at disrupting the Middle East’s energy supply network. (Source: OilPrice.com – Global)
Persian Gulf
11/03/2026 - 11:33 Iran continues to target Gulf states. Dubai airport, Qatar, and Saudi oil field among targets of Iranian drones. (Source: France 24)
Video
(March 10, 2026) 8:44 PM CET There are currently about 400 oil and product tankers idle in the Gulf. One oil tanker passed through the Strait of Hormuz without incident yesterday, according to data from MarineTraffic, a project that tracks the movement of vessels around the globe using publicly available data. (Source: AP - U.S.)
Qatar
11/03/2026 - 11:24 Iran adoption a strategy of 'war of attrition on several fronts' (Source: France24)
Video
Strait of Hormuz
March 11, 2026, Wednesday // 11:40 The Revolutionary Guard emphasized it would not allow even a single litre of oil to leave the region for hostile countries until further notice. The US Central Command reported destroying 16 Iranian mine-laying vessels yesterday. President Trump confirmed on social media that the US had taken pre-emptive measures against the vessels. Trump assured lawmakers that US operations were significantly ahead of schedule and predicted the war might end “very soon.” Casualties among US forces continue to mount, with the Pentagon reporting seven deaths and around 140 injuries, mostly minor, among service members. Israeli Prime Minister Benjamin Netanyahu reaffirmed that military action would continue until Iran and its regional proxies no longer posed a threat to his country. Contrasting with Trump’s optimistic timeline, the conflict shows no signs of de-escalation, both Iran and Israel continue to engage in heavy exchanges of fire. Early today, Iran and Israel exchanged additional strikes, with Kuwait and Saudi Arabia intercepting multiple Iranian drones targeting oil facilities. Residents in Tehran described some of the heaviest strikes they had witnessed since the war began, with reports of damaged residential buildings and civilians seeking refuge in the countryside. Iranian casualties have been significant, with at least 1,230 reported killed. Lebanon and Israel reported over 480 and 12 deaths, respectively. (Source: Novinite - Bulgaria)
09:17-11 March 2026 AD ـ 22 Ramadan Three vessels have been hit by unknown projectiles in the Strait of Hormuz today. The Japan-flagged container ship One Majesty had sustained minor damage from an unknown projectile 46 km northwest of Ras Al Khaimah in the United Arab Emirates. Its crew members are safe and the vessel is sailing towards a safe anchorage. The Thailand-flagged bulk carrier Mayuree Naree was targeted and damaged north of Oman. The fire had been extinguished, there was no environmental impact. Necessary crew remained on the vessel. The Marshall Islands-flagged Star Gwyneth, a bulk carrier, was also hit by an unknown projectile approximately 50 miles northwest of Dubai. The vessel's crew were safe. There were no reports of Iran planting explosives in the Strait of Hormuz, US President Trump said in social media posts. The US said it took out more than a dozen minelaying Iranian vessels yesterday to help prevent any attempt to close the waterway. Some tankers, believed linked to Iran, are continuing to get through the Strait of Hormuz. Seven ships had passed through the strait since March 8. Of those, five were linked to Iranian-associated shipping. Iran has restarted crude exports through its Jask oil terminal on the Gulf of Oman. A tanker loaded roughly 2 million barrels at Jask on March 7. (Source: Asharq Al-Awsat - based in London, United Kingdom, owned by a member of the Saudy royal family)
(March 10, 2026) Iran has begun laying mines in the Strait of Hormuz. The mining is not extensive yet, with a few dozen having been laid in recent days. Iran still retains upward of 80% to 90% of its small boats and mine layers, so its forces could feasibly lay hundreds of mines in the waterway. Severe volatility was on the crude oil market today, with the price per barrel fluctuating between more than $90 and less than $80 in a series of peaks and valleys. Nearly 15 million barrels per day (bpd) of crude production, plus another 4.5 million bpd of refined fuels, are now effectively stranded in the Gulf. Producers like Iraq and Kuwait have no alternative to shipping oil through Hormuz. US Central Command said in a social media post later today that the military destroyed multiple Iranian naval ships - including 16 minelayers - near the Strait of Hormuz. (Source: CNN – U.S.)
United Arab Emirates
March 11, 2026 at 10:25 am In a statement issued early today Houthi- and Hezbollah-linked group calling itself the Brigades of the True Promise in the Arabian Peninsula threatens to target Barakah nuclear facility in Abu Dhabi. (Source: Middle East Monitor - located in London, United Kingdom, financed by the State of Qatar)
(10 March 2026) The UAE is considering a crackdown on Iran’s financial assets. Estimates range high, could be $20 billion to $50 billion or more. The figure includes Iran-linked trade, real estate, gold, and corporate accounts. Annual UAE-Iran trade is about $27 billion, with Emirati exports to Tehran amounting to $22 billion. The UAE has long been Iran's gateway to the world, it has implicitly allowed a number of Iranian businesses and individuals to operate in the shadows, away from the sanctions spotlight cast by the treasury departments of Western governments. Iran uses shell companies registered in Dubai’s free-trade zones to mask the origin of its oil. Iran-linked entities conduct business through hundreds of shell companies in the UAE that sell oil, petrochemicals, and other commodities to global buyers. The UAE allows this in self-interest, as Abu Dhabi balances its US military alliance with Iran ties. A large Iranian diaspora of about 400,000 people forms the backbone of the UAE workforce, while Iranian capital boosts the Emirati property market. The UAE’s potential freezing of Iran-linked assets can mirror the West’s actions against Russia. Gulf states once criticised the West for freezing the assets of the Central Bank of Russia to browbeat Moscow into ending the war against Ukraine. Freezing assets can spark further Iranian attacks on key infrastructure, such as ports and refineries, analysts say. The UAE’s real estate market can face a slump, while its image as a neutral destination for investments and tourists from around the world remains at stake. (Source: TRT World - Turkey)
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