Central banks of UAE and Egypt coordinate on Banque Misr following US sanctions

Britain, France, Canada and nine other countries announced Tuesday they would ban imports from Israeli settlements in the occupied West Bank, citing escalating attacks by settlers on Palestinian villages. British Foreign Minister Ed Miliband said the country could no longer simply condemn injustice but had to act, and that Britain's position was that the occupation was unlawful.

Twelve countries including Britain, Canada and France said they would limit trade with Israeli settlements in the West Bank, citing increasing attacks by settlers on Palestinian villages. The UK announced an import ban on goods from the settlements, with Foreign Secretary Ed Miliband accusing settler groups of ethnic cleansing in occupied areas.

Twelve countries impose trade sanctions on Israeli West Bank settlements

Britain, France, Canada and nine other countries announced Tuesday they would ban imports from Israeli settlements in the occupied West Bank, citing escalating attacks by settlers on Palestinian villages. British Foreign Minister Ed Miliband said the country could no longer simply condemn injustice but had to act, and that Britain's position was that the occupation was unlawful.

ICC governing body leaders say isolation campaign threatens international legal order

Leaders of the International Criminal Court's governing body—current and former presidents alike—warn that efforts to cut off the institution diplomatically undermine the global rule of law. The Trump administration has targeted ICC judges and officials with sanctions, including the court's president Tomoko Akane, while pressing nations to quit the Rome Statute.

Oil surges on US-Iran tensions as sanctions bite Iran's economy

Oil is set for its steepest weekly gain since mid-July as US pressure on Iran intensifies. Three senior Iranian sources said the US campaign to restrict Iranian oil exports and block sanctions evasion has tightened its grip on Tehran's economy, leaving the country with limited access to foreign currency and international financing networks.

US Treasury Secretary Scott Bessent said the United States will unveil new secondary sanctions targeting Iran every week, starting with banks. The Treasury Department on Friday penalized UAE operations of Egypt's Banque Misr for suspected financial connections to Iran, and Bessent said he will press G20 finance ministers to cut economic ties to the country or face sanctions themselves.

The US Treasury has blocked Banque Misr's UAE branches from accessing dollar transactions due to the bank's Iran dealings. In response, the central banks of both nations said Sunday they are working together to ensure the bank can continue operating normally.

Iran's leaders acknowledge war's economic toll as US tightens sanctions

Iranian leaders are acknowledging the economic cost of war with the United States. The president has reported that American sanctions and blockade have reduced foreign trade by a third, while the government vowed Saturday to withstand US pressure and pursue diplomacy. Washington intensified financial penalties including sanctions on Egypt's Banque Misr for conducting business with Tehran.