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Economics3h 27m 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, United States

Who
Mike Waltz, President 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 · 3h 27m ago
Where
Bahrain, United Arab Emirates, United Kingdom, United States ·
Why
regional leaders believe Tehran is feeling economic pain due to sanctions, military pressure, and isolation, as a possible deal with Iran nears completion.
The Frontline Impact

How this affects you

The ongoing US economic pressure campaign supported by Gulf allies aims to destabilize Iran's economy, with reports of declining currency and depleting foreign reserves, as the US seeks to prevent Iran from acquiring nuclear weapons. The situation is shifting rapidly with a potential deal with Iran on the horizon.

Story chain

11 events in this thread
  1. Economics3h 27m 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. Economics3h 27m 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. Economics3h 27m 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. Economics3h 27m 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. Currently Reading3h 27m 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.
  6. Economics3h 27m 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
  7. Economics3h 27m 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. Economics3h 27m 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. Economics3h 44m 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. Economics4h 36m 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. Economics4h 36m 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