Trump 'low-key' bets on economic pressure against Iran WASHINGTON - Keeping a low profile doesn't come naturally to Donald Trump. Bangkok Post · Aug 12
US sailors trying to jump overboard amid extended Middle East deployment: Report Sailors aboard the USS Abraham Lincoln have reportedly attempted to jump overboard amid mounting mental health concerns and an extended Middle East deployment, with military families and US lawmakers warning that conditions aboard the aircraft carrier are reaching a breaking point. The Times of India · Aug 12
Gas prices hit their highest mark ever for mid August as Trump’s Iran war drags on Gas prices have hit a historic high as the president insists that the U.S. is in control of the Strait of Hormuz and has crippled Iran’s military The Independent UK · Aug 12
Albanese hints at deal on gambling and says ‘absolutely false’ that sports betting is country’s major gambling addiction – as it happened This blog is now closed The Guardian - AU · Aug 12
Crude Prices Close Higher as IEA Forecasts Tightening Inventories in Q3 September WTI crude oil (CLU26) on Wednesday closed up +0.07 (+0.08%), and September RBOB gasoline (RBU26) closed up +0.0171 (+0.55%). Crude oil and gasoline prices closed higher on Wednesday as the International Energy Agency (IEA) said in its monthly report that the global oil supply deficit will worsen, even as... Barchart · Aug 12
Iran faces growing isolation and uncertain future amid 'dire' economic situation As economic pressure mounts in Iran, RFI spoke to economist Djamchid Assadi about how this is leaving the country more isolated and strengthening the role of the Revolutionary Guards. Radio France Internationale · Aug 12
'We will keep it': Trump says US has total control over Hormuz, Iran has 'no money' US president Donald Trump has claimed the United States has “total control” over the Strait of Hormuz and suggested Washington intends to maintain its hold over the strategic waterway, as tensions with Iran remain high and diplomatic efforts to reopen the vital shipping route continue. The Times of India · Aug 12
Iran says no progress on reviving interim peace deal with US Iran and the United States remain divided over ending the Gulf war permanently. Talks to revive an interim deal agreed in June have seen no progress. New attacks on shipping in the region have further dampened hopes for resolution. The Strait of Hormuz, a vital waterway, remains a point of… The Economic Times · Aug 12
Revolutionary Guard Adviser Warns Iran Is Preparing Military Operations on US Soil as Hormuz Peace Talks Crash Iran hints at striking 'enemy soil' as Hormuz remains closed and Gulf tensions hit global shipping and oil markets. International Business Times UK · Aug 12
Trump hails 'wall of steel' blockade, says US will keep control of Strait of Hormuz Iran maintains it effectively controls much of the waterway and intends to impose a toll system in response to the US war launched by Trump on 28 February. Euronews · Aug 12
Crude Prices Ease on US Crude Oil Inventory Surge September WTI crude oil (CLU26) is down -0.19 (-0.23%), and September RBOB gasoline (RBU26) is down -0.0276 (-0.88%). Crude oil and gasoline prices are trading lower today on the surge in US oil inventories seen in the weekly EIA inventory report. Oil prices found support today after the International Energy... Barchart · Aug 12
‘Until Trump is out’: Iran signals war could stretch for years Iran could seek to prolong its war with the US until President Donald Trump leaves office, a senior adviser to the commander of Iran’s Islamic Revolutionary Guard Corps (IRGC) has said, signalling a potential strategy of "attrition" rather than a quick resolution to the conflict. The Times of India · Aug 12
Trump says US has 'total control' over Strait of Hormuz, calls naval blockade a 'wall of steel' US President Donald Trump has once again claimed "total control" over the Strait of Hormuz in a Truth Social post, calling the American naval blockade a "Wall of Steel" and declaring Iran's military "decimated." The Economic Times · Aug 12
Global oil supply under threat as Iran war sees stockpiles plummet IN FULL The Independent UK · Aug 12
The Independent UK · Aug 12 Iran knew key details of Trump’s hotel in Turkey sparking the president’s great plane switch: report Trump took close aides with him but appeared to leave top Cabinet officials in the older Air Force One
International Business Times UK · Aug 12 Illinois Governor J.B. Pritzker Blasts Trump Over Air Force One 'Decoy' Scheme: 'He Could Have Warned' Reporters Illinois Governor J.B. Pritzker accuses Trump of putting reporters in harm's way after he secretly switched planes amid an alleged Iranian threat.
The Conversation · Aug 12 As oil profits skyrocket, calls for windfall taxes rise When Chevron reported its highest quarterly profit in six years on July 31, 2026, it was just one detail in a larger picture: Analyst firm Wood Mackenzie estimates the global oil and gas industry is on course for a cash windfall of US$495 billion in 2026. That’s profit above and…
The Guardian - US · Aug 12 US inflation cooled slightly to 3.4% in July but prices still elevated Energy is cheaper than at its peak in late April, but gas is still nearly $1 a gallon more expensive than before the Iran war
The Economic Times · Aug 12 Iranian photojournalist Yalda Moaiery faces 15 years in prison over images, reporting Acclaimed Iranian photojournalist Yalda Moaiery received a fifteen-year prison sentence. Her work documenting dissent and women's lives led to these charges. Authorities accused her of interviews and providing photographs to hostile organizations. Moaiery's home was raided, and her electronic equipment was confiscated by security forces. She remains committed to documenting…
The Guardian - UK · Aug 12 Panama canal fees soar due to Iran war and El Niño as ship ‘pays $4m to jump queue’ Falling water levels linked to weather system are expected to limit number of slots to transit shipping lane
We Got This Covered · Aug 12 Donald Trump pressed on why journalists flew on a plane deemed unsafe for him. He claimed his was riskier: ‘I don’t worry about anything’ Israel reportedly notified the US of a possible Iranian attack.
International Business Times UK · Aug 12 Iran Tracked Trump Down to His Exact Hotel Floor as Missile Threat Triggered Secret Escape From Turkey Donald Trump was secretly flown out of Turkey after US intelligence warned of an Iranian missile threat. A decoy plan involving Air Force One ensured his safe departure during the Nato summit.
International Business Times · Aug 12 Trump Acknowledges Switching Planes In Turkey Due To Alleged Iranian Threat, Says He Was In Greater Danger Than Decoy President Donald Trump said the plane he boarded after surreptitiously leaving the Air Force One before departing Turkey last month was actually more dangerous.
The Economic Times · Aug 12 Iran, US not discussing ceasefire extension, senior Iranian official says According to Iran, there were no negotiations with the United States regarding an extension of the ceasefire. Tehran argues that the agreement did not specify a commencement date, rendering extension unnecessary. The interim deal, which was signed in June, fell apart shortly afterwards due to the U.S. violating its terms.…
The Independent UK · Aug 12 Hitmen, personal toilets and secret plane swaps: The foreign plots to kill Donald Trump IN FOCUS: The US president has faced several plots on his life both at home and abroad, Maira Butt reports