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According to the Iranian news agency IRNA, Hossein Nushabadi, Director General of Parliamentary and Legal Affairs at the Iranian Ministry of Foreign Affairs, stated in an interview that Washington's controversial claims regarding control of the Strai

2026-08-15

According to the Iranian news agency IRNA, Hossein Nushabadi, Director General of Parliamentary and Legal Affairs at the Iranian Ministry of Foreign Affairs, stated in an interview that Washington's controversial claims regarding control of the Strait of Hormuz are primarily driven by domestic political needs and are a passive response to Iran's assertion of power and strategic actions in this waterway. He stated that the US president's unfounded claims regarding the Strait of Hormuz are inconsistent with international shipping rules and the relevant provisions of the United Nations Convention on the Law of the Sea. Nushabadi also pointed out that Iran possesses political and military dominance over the Strait of Hormuz, a lifeline vital to global energy and the economy, making it a powerful lever and strategic trump card in response to external threats.

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2026-08-14

UK long-term gilt yields rose to a three-week high, with both 20-year and 30-year yields climbing 10 basis points on the day.

UK long-term gilt yields rose to a three-week high, with both 20-year and 30-year yields climbing 10 basis points on the day.
2026-08-14

US Vice President Vance's statement prioritizing lower oil prices over "preventing Iran from acquiring nuclear weapons" clearly reflects the Trump administration's increasing focus on the midterm elections. Gasoline prices directly influence voter tu

US Vice President Vance's statement prioritizing lower oil prices over "preventing Iran from acquiring nuclear weapons" clearly reflects the Trump administration's increasing focus on the midterm elections. Gasoline prices directly influence voter turnout, and the current national average price has exceeded $4 per gallon, setting a new record for the same period. Public discontent over high oil prices could very well translate into punishment of the incumbent party in the midterm elections. Therefore, Vance's "reversal" is not an isolated statement, but rather a strategic adjustment by the White House to cope with electoral pressure—placing stable oil prices before denuclearization goals.
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