New Delhi, Aug. 19 -- Tensions between the United States and Iran are intensifying as diplomatic efforts remain stalled and shipping through the Strait of Hormuz continues to face major disruption. The standoff is also widening across the Gulf, with the UAE suspending trade and financial ties with Tehran and Iran warning regional countries against supporting US military operations. The uncertainty has added pressure to global oil markets, with traders closely watching the risk of further supply disruptions.

US President Donald Trump has said there are no talks or negotiations taking place or scheduled with Iran, despite earlier indications from his envoy Jared Kushner that Washington and Tehran were engaged in active discussions.

Trump ...