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Economics1h 58m ago

U.S. Ambassador to the United Nations Mike Waltz said Gulf allies are backing President Donald Trump’s blockade and economic pressure campaign against Iran.

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Bahrain, United Arab Emirates, United Kingdom

Who
Mike Waltz, Donald Trump, Scott Bessent, Sheikh Mohammed bin Zayed
What
U.S. Ambassador to the United Nations Mike Waltz said Gulf allies are backing President Donald Trump’s blockade and economic pressure campaign against Iran.
When
Fri, 12 Jun 2026 20:01:55 GMT · 1h 58m ago
Where
Bahrain, United Arab Emirates, United Kingdom ·
Why
Gulf partners validated U.S. assessments that Iran’s economy is deteriorating under the combined weight of sanctions, military pressure and isolation.
The Frontline Impact

How this affects you

The ongoing pressure campaign and blockade supported by Gulf allies are causing Iran's economy to deteriorate, with its currency tanking and foreign currency reserves running out. This situation may influence negotiations aimed at preventing Iran from obtaining nuclear weapons.

Story chain

11 events in this thread
  1. Economics1h 58m ago
    U.S. stocks ended higher on Friday afternoon as investors held out hope for a peace deal between Iran and the United States and as SpaceX shares surged in their debut.
    Open article
  2. Economics1h 58m ago
    U.S. stocks climbed Friday, buoyed by hopes of a U.S.-Iran peace deal and the historic debut of SpaceX.
    Open article
  3. Economics1h 58m ago
    U.S. stocks ended higher on Friday afternoon as investors held out hope for a peace deal between Iran and the United States and as SpaceX shares surged in their debut.
    Open article
  4. Economics1h 58m ago
    U.S. Ambassador to the United Nations Mike Waltz said Gulf allies are backing President Donald Trump’s blockade and economic pressure campaign against Iran.
    Open article
  5. Economics1h 58m ago
    U.S. Ambassador to the United Nations Mike Waltz said Gulf allies are backing President Donald Trump’s blockade and economic pressure campaign against Iran.
    Open article
  6. Currently Reading1h 58m ago
    U.S. Ambassador to the United Nations Mike Waltz said Gulf allies are backing President Donald Trump’s blockade and economic pressure campaign against Iran.
  7. Economics1h 58m ago
    U.S. Ambassador to the United Nations Mike Waltz said Gulf allies are backing President Donald Trump’s blockade and economic pressure campaign against Iran.
    Open article
  8. Economics1h 58m ago
    U.S. Ambassador to the United Nations Mike Waltz said Gulf allies are backing President Donald Trump’s blockade and economic pressure campaign against Iran.
    Open article
  9. Economics2h 15m ago
    The dollar index (DXY00) ended the day little changed on Friday as markets assessed various economic indicators and hopes for a near-term US-Iran agreement.
    Open article
  10. Economics3h 7m ago
    President Donald Trump stated the U.S. is near a deal with Iran to conclude the war, with a memorandum of understanding possibly signed in Europe this weekend.
    Open article
  11. Economics3h 7m ago
    President Donald Trump said the U.S. is close to signing a deal with Iran to wind down the war, with a memorandum of understanding to be signed in the coming days.
    Open article

Verified Sources & Citations