Abu Dhabi has raised its 2030 solar target to 14GW as IRENA projects doubling annual global renewable additions to 1.2TW is feasible. Meanwhile, Canada has ended anti-dumping duties on Chinese solar modules, whereas US import module prices surged over 40% following Section 232 tariffs.
An analysis published by Free Malaysia Today indicates that US attempts to enforce a zero-leakage sanctions regime against Iran face significant operational obstacles. Iran's oil trade, of which China purchased an estimated 90% prior to Hormuz disruptions, largely clears outside the US dollar system via renminbi settlements and shadow networks in Dubai, Hong Kong, and Singapore. Consequently, financial compliance scrutiny is intensifying across financial institutions operating within the China-UAE corridor.
US Treasury measures against Iran place an increasing investigative burden on foreign banks to monitor opaque cross-border transactions, including transfers disguised between Hong Kong and Dubai companies. Prior to the closure of the Strait of Hormuz, China bought an estimated 90% of Iran's oil exports, with trade largely settling in renminbi through shadow-banking channels. Secondary sanctions under Operation Economic Outcast threaten to cut non-compliant foreign institutions off from dollar clearing.
The United Arab Emirates has issued Federal Decree No. 85 of 2026 approving its accession to the United Nations Convention on International Settlement Agreements Resulting from Mediation. The framework will allow commercial cross-border mediated settlements to be directly enforced by domestic courts without starting fresh litigation. The convention will take effect six months after the deposit of the UAE's instrument of accession with the UN Secretary-General.
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