Loading dispatches...
← Return to NewsroomEconomy
US-Iran War LIVE: Iran says ‘…will correct delusions’ as Trump backs down on Hormuz as US territory
Breaking
Flydubai co-pilot attacked captain with axe, UAE official says
Live UpdatesUS-Iran War LIVE: US President Donald Trump has said that there are no talks scheduled with Iran regarding a possible extension of ceasefire. Meanwhile, oil prices rose for a fourth consecutive day as the two nations remain locked in a stalemate.Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 17, 2026.(REUTERS)US-Iran War LIVE: Oil prices rose for the fourth consecutive day as US and Iran remain locked in a stalemate regarding the possible extension of their ceasefire even after six months of conflict.Meanwhile, Iran has slammed the US President for claiming the Strait of Hormuz as “New US Territory”. "Just as Trump correctly wrote the name of the eternal Persian Gulf, soon his delusion regarding the Strait of Hormuz will either be corrected or we will correct the delusions of this deluded man," Iranian Deputy Foreign Minister Kazem Gharibabadi said in a post on X.What are Tehran's demands?Iranian Parliament Speaker Mohammad Bagher Ghalibaf said Tehran would not reopen the Strait of Hormuz until the US fulfils commitments under the 14-point memorandum of understanding, including lifting the blockade, releasing frozen Iranian assets and lifting oil sanctions.Ballistic missiles launched towards UAE; Iran denies claimsIran on Tuesday (local time) rejected the United Arab Emirates' claim that Tehran launched a missile towards the country, with Iranian Foreign Ministry spokesperson Esmail Baghaei calling the allegations contrary to the principle of good neighbourliness and harmful to regional efforts to build trust.However, United Arab Emirates Ministry of Defence on Tuesday said its air defence systems detected two ballistic missiles launched from Iran towards the country, adding that both missiles fell into the sea.US expands charges against Iranians in massive hacking schemeUS authorities expanded its prosecution of a sprawling Iranian hacking network Tuesday, bringing to 17 the number of indicted suspects for an alleged campaign against universities, companies, and government agencies.Follow updates here:19 Aug 2026, 05:49:07 AM ISTUS-Iran War LIVE: Oil rises for a fourth straight dayOil rose for a fourth day, with no sign of progress toward a resolution of the US-Iran war after almost six months of conflict.19 Aug 2026, 05:49:07 AM ISTUS-Iran War LIVE: Trump says no talks scheduled with IranA day after he claimed that his government has opened a back channel with Iran's IRGC, the US President has now said that there are no scheduled talks with Tehran as the two countries remain in stalemate over a possible ceasefire extension or peace deal.About the AuthorSayak BasuSayak Basu is a digital journalist with more than seven years of experience in covering general news, politics, science, cricket, and football. He brings a sharp editorial eye and a keen attention to detail in the newsroom. Sayak focuses on breaking stories, analysis of political and sporting events, and new scientific research that is pushing the limits of civilisation. He has earlier worked for publications like NewsBytes, Cinemaholic, Zacks Investment Research, and Deccan Herald. Sayak currently serves as an Assistant Editor at Livemint where he runs daily news operations. Sayak has a master's degree in English Literature from Jadavpur University, Kolkata. Based out of Bengaluru, he has a keen interest in world cinema, literature, sports, and music. HomeNewsUs NewsUS-Iran War LIVE: Iran says ‘…will correct delusions’ as Trump backs down on Hormuz as US territory
The United Arab Emirates said that two ballistic missiles were fired toward the country from Iran, the Islamic Republic’s first known attack on the Gulf nation since May as the wider Middle East war continues unabated.UAE Says Iran Fired Two Missiles at Country as War Drags OnThe United Arab Emirates said that two ballistic missiles were fired toward the country from Iran, the Islamic Republic’s first known attack on the Gulf nation since May as the wider Middle East war continues unabated. Both missiles fell into the sea, with one of them dropping within the UAE’s territorial waters and the other outside, the country’s Defense Ministry said Tuesday. Residents in Dubai received a missile threat alert as the UAE said its air defense systems were dealing with the incoming projectiles. The Interior Ministry declared the situation “safe” shortly afterward.Iran has not commented on the attack, which came after Tehran’s recent strikes against UAE-linked ships. The last time the UAE Defense Ministry confirmed being attacked by Iran was in May, when Tehran carried out several strikes on the country.Early in May, Iran fired 15 missiles and four drones on the UAE, which said later in the month that a drone targeting a nuclear power plant on its soil was launched from Iraq, where Iranian-backed militias are located.Two Abu Dhabi National Oil Co. vessels were struck while transiting the Strait of Hormuz on Thursday and another was hit Friday evening, according to the UAE’s state-run WAM news agency. A fifth of the world’s oil and liquefied natural gas used to pass through the waterway before the ongoing Iran war, which broke out when the US and Israel carried out airstrikes on the country on Feb. 28. Traffic through Hormuz has been dramatically reduced over the past months, with Iran targeting tankers and commercial vessels. International diplomatic efforts have so far failed to defuse tensions and end a stalemate between Tehran and Washington. ©2026 Bloomberg L.P.This article was generated from an automated news agency feed without modifications to text.
Discussion (0)