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UAE Halts Trade With Iran as Strait Attacks Continue

8/19/2026

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Story summary
  • U.S. President Donald Trump said there were no talks with Iran and the Strait of Hormuz stayed open, while the United Arab Emirates Foreign Ministry halted all trade with Iran.
  • UK Maritime Trade Operations said a vessel was hit in the Strait of Hormuz, killing a crew member, and Omani Coast Guard assisted.
  • Brent crude futures peaked at $126 a barrel and settled over $91 a barrel during the conflict.