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19.08.26 - 15:51
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UAE Cuts Ties As Iran Warns Gulf States Against Helping Washington; Kpler Says US Navy Gaining Ground In Hormuz (ZeroHedge)
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UAE Cuts Ties As Iran Warns Gulf States Against Helping Washington; Kpler Says US Navy Gaining Ground In Hormuz
Iran's parliament speaker Mohammad Bagher Ghalibaf is visiting Baghdad while at the same time US Secretary of State Marco Rubio has spoken UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan to discuss the Hormuz situation and security. Except of course the two sides aren't talking with each other.
President Trump has made clear that no talks are on, and that none are scheduled, as he's been floating a 'new' strategy to 'strangle' the Iranian economy over the long term. CNN reported Tuesday that White House officials have recently communicated that they are shifting their strategy — going from "hammer Iran ASAP" to "strangle them" over time.
US Navy file image/Reuters
As for Ghalibaf, he blasted War Secretary Pete Hegseth and Treasury Secretary Scott Bessent on Tuesday, mocking this new disengagement strategy, given the US has already failed...
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19.08.26 - 14:18
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UAE Cuts Economic Ties With Iran, SK Hynix Moves to Calm Market | The Opening Trade 8/19/2026 (Bloomberg)
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The United Arab Emirates said it was cutting all economic ties with Tehran after accusing Iran of firing ballistic missiles at its territory, ramping up regional tensions.
SK Hynix unveiled plans to buy back $29 billion of stock and return more of its profits to shareholders in an effort to calm worries about the durability of AI spending. The memory chipmaker said it will buy back as many as 24 million treasury shares between Aug. 20 and Nov. 19 and cancel them, according to a regulatory filing Wednesday.
00:07:07:00 Note: the EU has pledged to spend up to €30 billion to build as many as seven artificial intelligence data centers in Europe
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson, Tom Mackenzie and Skylar Montgomery Koning. (Source: Bloomberg)...
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