An explosion at the Sanaa International Airport compound during what the Iranian-backed Houthi rebels in Yemen said were several Saudi airstrikes in Sanaa. (AP Photo/ Representational)Iran-backed Houthi rebels in Yemen on Thursday said that they carried out two drone attacks on Saudi Arabia and claimed that they hit Najran airport and an Aramco facility in Najran, Reuters reported, citing the Iran-aligned group’s military spokesperson, Yahya Saree. However, Saudi Arabia is yet to confirm the development.
US debt crosses $40 trillion threshold after doubling across Trump and Biden administrations
The total US national debt has surpassed $40 trillion for the first time, the Treasury Department said on Wednesday (Aug 19), as rising interest costs and spending pressures deepen concerns over the country’s fiscal outlook. The Treasury’s latest daily cash and debt balances statement showed total public debt outstanding at $40.047 trillion, which includes $32.266 trillion held by the public and $7.782 trillion in intragovernmental debt. The federal government’s IOU, in less than a decade, has more than doubled, with COVID-19 borrowing, tax policies and long-running spending imbalances driving the rise.
Trump announces ‘economic D-day’ against Iran
US President Donald Trump announced what he described as the “most crushing economic operation” ever directed against Iran, warning that any nation conducting business with Tehran will face severe economic consequences. In a statement released on Wednesday (Jul 19), Trump stated that while he had previously offered Iran a deal, the Islamic Republic failed to take advantage of the opportunity. “No one has given the Islamic Republic of Iran a greater opportunity to make a Deal than me. TRAGICALLY, for them, they have failed to take it. Therefore, today, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY,” he said in a post on his Truth Social account.
Iran’s military signals shift from retaliation to offence
Iran’s military is signalling a shift from retaliation to offence six months into its war with the United States, with analysts saying Tehran may be seeking greater leverage to break the stalemate, according to AFP. Since US-Israeli strikes launched the war on February 28, Tehran has largely described its attacks on the United States, Israel and Gulf countries as retaliation for strikes against Iran. However, Iranian officials are now openly prioritising offensive operations while maintaining control of the strategic Strait of Hormuz.
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The United Kingdom Maritime Trade Operations (UKMTO) on Thursday said it received a report of an incident 136 nautical miles east of Yemen's Mukalla, where a tanker travelling west in the Gulf of Aden said it was approached by an unauthorised vessel, Reuters reported.
Pakistan's Supreme Court on Thursday (Aug 20) returned the federal government's review petition challenging its Aug 18 order directing the transfer of incarcerated PTI founder Imran Khan to Shifa International Hospital, according to The Dawn.
Citing incomplete paper books as the reason, the SC registrar’s office returned the petition.
PTI Secretary General Salman Akram Raja, reacting to the development, said that the state had "withdrawn its review petition from the SC after objections were placed on it by the SC filing branch."
"There is no excuse whatsoever for not complying with the SC order of 18 August. Imran Khan Sb must be transferred to Shifa International Hospital forthwith. Today is the day," he said in a post on X.
Turkey will continue supporting Syria's efforts to develop its military capabilities and infrastructure, the Turkish Defence Ministry said.
An earthquake of magnitude 5.9 struck the Flores region of Indonesia on Thursday, the European-Mediterranean Seismological Centre (EMSC) said.
The earthquake occurred at a depth of 10 km (6.2 miles), according to the EMSC.
This is the second earthquake that hit Indonesia’s Flores region. Earlier on Monday, August 17, an earthquake of magnitude 5.9, according to Germany’s GFZ Research Centre for Geosciences, hit the Flores region. The quake hit at a shallow depth of 10 km (6 miles), rattling nerves in a region already reeling from a far more destructive earthquake just two days earlier. The tremor comes as rescue teams on Flores continue digging through landslides and rubble from Saturday’s 7.7-magnitude earthquake, which has now killed at least 53 people.
Over 53 people have been killed since last week’s earthquake in the region as rescue teams continued digging through landslides and rubble from Saturday’s 7.7-magnitude earthquake.
A drone attack by Ukraine caused disruption at an industrial complex in the city of Nizhnekamsk following a Ukrainian drone attack on Thursday, reported the TASS state news agency.
Evergrande founder Hui Ka Yan has been sentenced to life in prison by a court in China after the real estate giant's collapse brought China’s financial system to the brink.
Yan, in April, pleaded guilty to several charges, including fraud and misuse of funds.
The Shenzhen Intermediate People’s Court found Yan and Evergrande committed large-scale financial fraud and committed crimes between 2016 and 2021, including fund misuse, fundraising fraud and illegal public deposits.
The court ordered the seizure of Yan’s assets and fined Evergrande Group and Evergrande Real Estate Group a combined $2.35 billion in the case.
US Representative Joe Wilson thanked the United Arab Emirates (UAE) for suspending trade with Iran, calling the move a huge blow to the Islamic Republic amid rising tensions.
"I am grateful that the United Arab Emirates has made the decision to sever trade with the Iranian regime. This is an example to follow and deals a huge blow to the regime’s ability to finance its terror campaign against the civilised world. Thank you UAE. Down with the regime," Wilson said.
The UAE suspended all trade, financial transactions and other activities with Iran until further notice.
Iranian General Naqdi criticised Donald Trump as short-sighted and childish, saying the US president's statements lacked foundation and consistency. He said that he would trust a taxi driver's word more than the statements made by the US president.
“The current president of the United States is extremely short-sighted and childish,” Naqdi said in a video, according to the Gulf News.
“He has no long-term vision.” He added that Trump’s statements had “no foundation or consistency,” arguing that “I trust a taxi driver much more than I trust him.”
Iranian Foreign Minister Abbas Araghchi hit out at US President Donald Trump over his “Economic D-Day” operation, stating that the move was a "diversion from America's own crisis".
He further criticised Washington for spreading "economic terrorism", which he said threatens the global economy and sovereignty worldwide.
"The so-called “Economic D-Day” is a diversion from America's own crisis: unprecedented debt & surging interest costs. Doubling down on failed policies will only bring further defeat—and enmity of Iranians. US economic terrorism threatens the global economy and sovereignty worldwide," he said in a post on X.
https://platform.x.com/widgets.jsThe so-called “Economic D-Day” is a diversion from America's own crisis: unprecedented debt & surging interest costs.
— Seyed Abbas Araghchi (@araghchi) August 20, 2026
Doubling down on failed policies will only bring further defeat—and enmity of Iranians. US economic terrorism threatens global economy and sovereignty worldwide pic.twitter.com/Qj5SzVBjvX
Strait of Hormuz shipping traffic showed no uptick as US-Iran talks stalled, signalling continued uncertainty over the strategic waterway, the latest shipping data showed, according to Reuters.
Commodity vessel transits totalled nine on Wednesday, unchanged from the previous day, according to Kpler data.
Bangladesh is set to elect the country's new president in the first contested presidential elections since 1991 on Thursday, with Mirza Fakhrul Islam Alamgir emerging as the frontrunner for the position.
He is facing opposition candidate Oli Ahmed in the contest.
The voting will be held at Parliament from 2 pm to 5 pm, according to the Election Commission.
Alamgir, 78, is the candidate of the ruling Bangladesh Nationalist Party, whereas Ahmed, 84, chairman of the Liberal Democratic Party, is contesting as the candidate of the Jamaat-e-Islami-led alliance.
South Korea estimates North Korea has 80 to 120 nuclear warheads, far above President Donald Trump's recent estimate of 57 nuclear weapons, Defence Minister Ahn Gyu-back said on Thursday.
He told lawmakers that Pyongyang was believed to have 80 to 120 warheads but cautioned that it was difficult to determine the exact figure.
"We usually see it as around 80 to 120, but it is considerably limited to state an exact number," Ahn told a parliamentary committee.
On being asked bout Trump's remarks a day earlier that Kim possessed 57 "very powerful nuclear weapons", Ahn said, "the numbers appear somewhat different."
Russian air strikes on Kyiv killed eight people and injured 33, the city’s mayor said, in the latest deadly attack amid the ongoing Ukraine war.
The total US national debt has surpassed $40 trillion for the first time, the Treasury Department said on Wednesday (Aug 19), as rising interest costs and spending pressures deepen concerns over the country’s fiscal outlook.
The Treasury's latest daily cash and debt balances statement showed total public debt outstanding at $40.047 trillion, which includes $32.266 trillion held by the public and $7.782 trillion in intragovernmental debt. The federal government's IOU, in less than a decade, has more than doubled, with COVID-19 borrowing, tax policies and long-running spending imbalances driving the rise.
Iran’s military is signalling a shift from retaliation to offence six months into its war with the United States, with analysts saying Tehran may be seeking greater leverage to break the stalemate, according to AFP. Since US-Israeli strikes launched the war on February 28, Tehran has largely described its attacks on the United States, Israel and Gulf countries as retaliation for strikes against Iran. However, Iranian officials are now openly prioritising offensive operations while maintaining control of the strategic Strait of Hormuz.
US President Donald Trump announced what he described as the “most crushing economic operation” ever directed against Iran, warning that any nation conducting business with Tehran will face severe economic consequences. In a statement released on Wednesday (Jul 19), Trump stated that while he had previously offered Iran a deal, the Islamic Republic failed to take advantage of the opportunity.
“No one has given the Islamic Republic of Iran a greater opportunity to make a Deal than me. TRAGICALLY, for them, they have failed to take it. Therefore, today, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY,” he said in a post on his Truth Social account.

Comparing the “operation” to an “Economic D-Day,” Trump said that the isolation campaign would be the most crushing ever enacted against a country.
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