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The U.S. Treasury issued sweeping new sanctions against Iran this week, targeting the country’s airlines and their international service providers as it ramps up its effort to isolate Tehran from the global economy.

What is Iran's Pickaxe Mountain? Did Iran capture a US submarine? Share Did Iran capture a US submarine? Iran's Islamic Revolutionary Guard Corps (IRGC) said its naval forces have captured an unmanned United States submarine near the Strait of Hormuz, as Tehran and Washington continue to exchange tit-for-tat attacks on ships to exert control over the crucial waterway that connects the Gulf and the Arabian Sea. Iranian state media identified the vessel as a Dive-LD - an autonomous underwater vehicle built by California-based defence firm Anduril Industries.

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Iran has pledged to retaliate after the U.S. unveiled a sweeping set of sanctions as part of ‘Economic D-Day,’ in an attempt to isolate Tehran and curb its access to the global financial system.

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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.

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What is Iran's Pickaxe Mountain? Where does Iran stand on Saudi-Pakistan-Turkiye pact? What are the challenges facing the Mecca agreement? Saudi Arabia and Pakistan have expanded their mutual defence pact to add Turkiye, raising questions about the emergence of a new security architecture at a time when the United States and Iran have yet to reach a final deal to end their war. Under the agreement signed in Mecca on Friday, any external armed attack on either of the three countries will now be considered an attack on all.