The US decision to delay tariff penalties until Aug. 1 doesn't dramatically impact the Middle East, but the coming weeks could still have important ripple effects in the region.

President Donald Trump said at least seven countries can expect tariff letters on Wednesday morning, as he ramped up pressure on nations to strike deals with the United States by saying his new August 1 deadline would not be extended.

U.S. President Donald Trump warned early Monday that countries that support of BRICS nations -- Brazil, Russia, India and China -- would be slapped with an additional 10% tariff when across-the-board