U.S. sanctions Iran-linked networks tied to proxy financing allegations
Treasury sanctioned Iran-linked people and companies across the Middle East, announced a $1.43 million civil settlement and tightened Iran licensing rules.
United Arab Emirates
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BRICS Leaders Adopt Cautious Middle East Statement in New Delhi
BRICS leaders adopted a nonbinding statement urging restraint and diplomacy in the Middle East while opposing unilateral sanctions and trade measures.
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Dubai Airport Traffic Falls 31% as Airlines Remain Cautious
Dubai International Airport handled 31.5 million passengers in the first half of 2026, as conflict-related airspace limits disrupted global connections.
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U.S. Proposes Cutting Banque Misr UAE From Dollar Access
FinCEN proposed barring U.S. correspondent accounts for Banque Misr’s UAE branches as OFAC separately sanctioned two Iran-linked facilitators.
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Dubai Airport Traffic Fell 31% in First Half Amid Regional Disruption
Dubai International Airport handled 31.5 million passengers in the first half of 2026, as airspace restrictions and conflict disrupted Gulf connections.
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Daniel Kinahan extradited to Ireland to face organized-crime charge
Daniel Kinahan was extradited from Dubai to Ireland, charged in Dublin and remanded in custody as an alleged transnational crime figure.
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Two UAE Tankers Attacked in Strait of Hormuz, Damage Reported
Two ADNOC tankers were attacked by drones while crossing the Strait of Hormuz on August 13. No injuries were reported, but minor damage was reported.
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IEA Forecasts Global Gas-Demand Decline After Hormuz LNG Shock
The International Energy Agency says the Middle East conflict disrupted a route that previously carried almost one-fifth of global LNG supply, pushing up prices and delaying an expected easing of gas markets.
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IMF: UAE Economy Absorbed Middle East Conflict Shock, but Credit and Real Estate Are Cooling
The IMF said the UAE economy remained resilient during the Middle East conflict, while tighter liquidity, slower private-sector credit growth and moderating real-estate activity emerged as pressure points.
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Gulf States Gain Leverage as Trump Holds Off on Iran Strikes
Saudi Arabia, Qatar and the UAE helped open diplomatic space after Trump held off on new Iran strikes, but no final U.S.-Iran agreement exists.
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IEA says Middle East gas shock could keep LNG markets tight through 2027
The IEA says Middle East disruptions have delayed the expected LNG supply wave, leaving gas markets tighter and more volatile through 2027.
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Iran-Oman Strait Talks Advance as Gulf States Press for Restraint
Iran and Oman have made progress toward safer Strait of Hormuz shipping, but no final deal is in place as Gulf allies press Washington to pause.
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BIS moves UAE to EAR Country Group A:5, expanding STA; limited license-free
BIS says the UAE shifted to EAR Country Group A:5 on July 10, 2026. A July 14 Federal Register rule expands some STA and limited license-free options.
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U.S. upgrades UAE export status for AI chips—what changes July 10
World Economy Trade Energy and Technology Scan – U.S. moves UAE to EAR Country Group A:5, expanding STA license-free access for AI chips effective July 10.