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Iran says it has enough foreign currency despite US sanctions

DUBAI, Sept 1 (Reuters) - Iran has sufficient foreign currency reserves despite U.S. sanctions, Central Bank Governor Abdolnaser Hemmati said on Tuesday, after U.S. Treasury Secretary Scott Bessent said Tehran was lashing out because it was losing the economic war.

The central bank was ready to inject up to $2 billion into the foreign exchange market to calm recent volatility, Hemmati said, according to the semi-official Tasnim news agency.

“I am telling the President of the United States: Iran has (foreign) currency and it has enough,” he added.

A currency dealer holds one-hundred-dollar bills in Tehran, Iran, May 2, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

Last-minute flood warning saved over 900 Nepal students, school head says

By Saurabh Sharma, Sunil Kataria and Gopal Sharma

BIDUR, Nepal, Aug 31 (Reuters) - Headmaster Rajendra Dawadi was in his school in Nepal's Bidur last Wednesday when his accountant entered, shouting: "The flood is coming, the flood is coming!", giving an early warning that helped save the lives of 900 students and 16 faculty members.

As teachers at the Tribhuvan Trishuli Secondary School began receiving panicked phone calls from relatives and friends, a roaring wave of mud water was already making its way through the valley upstream, flattening entire towns.

Tribhuvan Trishuli Secondary School that was destroyed in the deadly flash floods and landslides of August 26, 2026, in this handout photograph made available to Reuters in Nuwakot, Nepal, on August 31, 2026. Rajendra Dawadi, headmaster, Tribhuvan Trishuli Secondary School/via REUTERS

Strait of Hormuz commodity vessel transits stay in single digits, data shows

SINGAPORE, Sept 1 (Reuters) - The number of vessels sailing through the Strait of Hormuz was little changed on Monday compared with the weekend, hovering around five, preliminary ship-tracking data showed on Tuesday, below the 10-day average of around 14.

Four of the vessels entered the strait and one exited, data from Kpler showed.

Vessels that sail through the strait with their transponders turned off are not included in the count.

No liquid tankers were among those sailing through the waterway on Monday, the data showed.

FILE PHOTO: A drone view shows vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 28, 2026. REUTERS/Stringer/File Photo

Trump vows to hit Iran hard after first exchanges of fire in a month

By Parisa Hafezi and David Lawder

DUBAI/ASHEVILLE, North Carolina, Aug 31 (Reuters) - U.S. President Donald Trumpthreatened further strikes against Iran on Monday after the first exchange of direct attacks in a month, raising tensions in a conflict that had recently shifted into an economic standoff.

Iran launched missiles overnight at two U.S. air bases in Jordan in response to a U.S. attack on Iran's Larak Island, where Washington said it had struck Iranian launchers firing mines into the Strait of Hormuz.

A vessel in the Strait of Hormuz visible near the beach of Bandar Abbas, Iran, August 27, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

Afghan people should 'not be abandoned': top Red Cross official

Afghanistan has slipped from international attention despite the "extreme needs" of its people, an International Committee of the Red Cross senior official said Monday, urging the world "not to abandon Afghan communities".

ICRC director of operations Yasmine Praz Dessimoz told AFP in an interview in Kabul that Afghans are "struggling to survive with significant humanitarian needs" and a collapsing health system.

Yasmine Praz Dessimoz, director of operations for the International Committee of the Red Cross, told AFP in Kabul that people in Afghanistan are 'struggling to survive' in extreme conditions

Middle East war a boon for UAE defence giant with global ambitions

In the heart of the Abu Dhabi desert, workers toil inside warehouses assembling drones and missiles for the UAE's Edge group, riding high on a wave of new demand for its weapons battle-tested by the Middle East war.

Throughout six months of US-Iran conflict, nearly 3,000 missiles and drones targeted the UAE, denting its image as a safe haven but providing a windfall for Abu Dhabi-owned EDGE, which is embarking on a major European expansion, executives told AFP.

Employees work on the assembly unit of Shadow 50 drones inside the facility of 'EDGE Group', an Emirati advanced technology and defence conglomerate, in Abu Dhabi

Saudi Arabia, Turkey and Pakistan agree to establish secretariat under joint defence pact

Aug 31 (Reuters) - Saudi Arabia, Turkey and Pakistan agreed to establish a secretariat in Saudi Arabia under their Mecca joint defence agreement, which will initially be headed by a Pakistani secretary-general for three years, the three countries said in a joint statement on Monday.

• The three countries' representatives met in Istanbul on Monday.

• The countries will work to strengthen their collective defence capabilities and cohesion of their armed forces, the statement said.

Trump was sending message to Iran with Kharg Island post, says Vance

Aug 31 (Reuters) - U.S. President Donald Trump was sending a message to Iran with his social media post about Iran's energy hub of Kharg Island being blown to smithereens, Vice President JD Vance said on Monday.

"The president likes to switch it up on social media a little bit. He would be the first to say he doesn't make announcements about military actions on social media, but I think that he's sending a message to the Iranians," Vance said when asked about Trump's post.

U.S. Vice President JD Vance delivers remarks at Compotech defense technology manufacturing facility in Brewer, Maine, U.S., August 24, 2026. REUTERS/Taylor Coester