The UAE suspended all trade, commercial exchanges and financial transactions with Iran on August 18 after its air defences detected two ballistic missiles launched from Iran targeting maritime shipping. Dubai's role as Iran's financial lifeline makes the suspension potentially more damaging than US sanctions, according to former US officials. Iran denied launching any missiles.
Read Full ArticleUS CENTCOM confirmed it has redirected 53 commercial vessels, disabled two, and boarded two others under its Iran naval blockade as of August 8, with the USS Abraham Lincoln enforcing operations in the Arabian Sea. VP Vance outlined a Hormuz safe passage plan while Iran denied direct negotiations with Washington.
The US refunded $81 billion in tariffs after the Supreme Court struck down Trump's IEEPA tariffs, impacting federal revenue.
Trump reimposes blockade on Iranian ports, declares US 'Guardian of the Strait of Hormuz,' and imposes a 20% cargo toll amid renewed US-Iran tensions.
Prime Minister Narendra Modi held bilateral talks with UK Prime Minister Keir Starmer and UAE President Sheikh Mohamed bin Zayed Al Nahyan on the sidelines of the G7 Summit in France, even as Starmer's political future hangs on a closely watched parliamentary byelection back home.
U.S. Trade Court strikes down Trump’s 10% global tariff, calling the levies unlawful and beyond presidential powers under the Trade Act of 1974.
Supreme Court dismisses PIL on Vantara’s CITES-linked animal imports, noting SIT and CITES Secretariat found no evidence of legal violations.
Supreme Court to review Trump-era emergency tariffs under IEEPA, a ruling that could reshape U.S. trade policy and impact global markets and importers.
Bombay HC holds Section 9 cannot fasten liability on a non-signatory once a foreign arbitral award is held unenforceable against it.
India approves ₹45,060 crore export support package with new legal and digital mechanisms to boost MSMEs, streamline procedures, and strengthen export capacity.
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