US sanctions cut Iran off from Dubai
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Part of composite article Oil Crisis Explodes: Brent Crude Tops $105 as Iran Threatens Wider War and France Sends Troops to Saudi Oil Sites View full article →
Flights between Iran and the United Arab Emirates have been suspended after the United States imposed tighter sanctions on Iran's aviation industry. The move effectively cuts Tehran off from Dubai, one of the region's most important commercial hubs.
Overland shipping routes are struggling to fill the gap, causing huge backups near Iran's border with Turkey.
In other news, Donald Trump and Xi Jinping praised strong ties between the US and China as they discussed artificial intelligence, trade, and energy.