Iran sanctions target Chinese firms
Woodside Energy announced that it is divesting from its green energy investments and returning to oil and gas, while intensifying its focus on traditional energy sources. This comes amid a 3% decline in oil prices, economic data showing the lowest level of global investment in a week, and record-breaking results from DZ Bank, which raised its profit forecasts for 2026 following a strong financial performance in the first half. Additionally, Sharjah Airport welcomed 390,000 travelers over the course of a week, while maritime trade experienced an 85% decline following the closure of the Strait of Hormuz six months ago, amid increasing reports of US sanctions on Iran, including dozens of Chinese companies.
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