What is Iran's Pickaxe Mountain? UAE trade embargo could shut Iran's key economic escape route: Here's why The United Arab Emirates announced an indefinite trade embargo on Iran on Wednesday, accusing Iranian forces of firing two ballistic missiles at its territory. Iran denied launching missiles and described the reported attack as a "false flag operation" by Israel and the United States. The UAE's embargo has been described as highly significant by analysts, who say Iran is heavily reliant on its neighbour for critical imports and access to financial markets. "In many ways, the embargo being put on by the UAE is even more significant than the embargo being put on by the United States," Mark Kimmitt, a retired US general and former assistant secretary of state, told Al Jazeera, referring to US sanctions and the ongoing American naval blockade of Iranian ports. The recent developments come shortly after the June 17 memorandum of understanding (MoU) between the US and Iran lapsed on Monday, with little prospect of being renewed.

Inflation is heating up but don't expect another crisis The fallout from the war in Iran cranked up the heat on households last month as energy bills rose - how uncomfortable could inflation get from here? The first thing to remember is that a small amount of price rises is normal. It is the sign of a healthy, functioning economy. But with food alone costing a third more than it did four years ago, thanks to a spike in inflation early in the war in Ukraine, it can feel a battle to make ends meet. The good news is inflation since the war in Iran erupted has actually been more muted than economists initially feared.

What is Iran's Pickaxe Mountain? Crude oil and natural gas supplies have been disrupted worldwide by the United States-Israel war on Iran, but one energy sector appears to be cashing in - coal. This week, South Africa's thermal coal producer Thungela Resources said it had doubled its half-year profits as the war has forced more countries to buy the fuel. Mining it causes water pollution, and burning it releases enormous amounts of carbon into the atmosphere, which contributes to global warming. In recent months, several countries, especially in Asia, have reversed or delayed promises to scale back on coal production.

Tracking USS Lincoln's months-long mission as concerns about conditions grow To play this video you need to enable JavaScript in your browser. Tracking USS Lincoln's months-long mission as concerns about conditions grow Close There have been reports of poor conditions on board the USS Abraham Lincoln, which the US Navy says will soon be brought home from the Middle East. The aircraft carrier was originally expected back in May - but the US war with Iran has kept it at sea for around 250 days straight. BBC Verify has used satellite imagery to monitor the warship's movements which last docked in December last year. Updates from your News topics will appear in My News and in a collection on the News homepage .

Long-term borrowing costs across some of the word's biggest economies hit fresh highs because of concerns over inflation, government debt levels and spending on Artificial Intelligence (AI). The interest rate on US borrowing over 30 years hit 5.33% on Tuesday, the highest since June 2007, meanwhile UK long-term debt reached 5.85%. There were similar moves in Germany and Japan. Interest rates on bonds - which are a type of debt - are known as yields and can directly affect the borrowing costs consumers pay on mortgages, car loans and credit cards. Rising oil prices are the main driver behind this recent surge in bond yields, as investors fear inflation could spike again. If that happens, central banks may choose to raise interest rates to cool inflation.

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U.S. military bases lack sensor systems and counter-drone defenses to stop attack drone swarms, a senior commander warns as the Pentagon pursues laser and microwave weapons.