New posts 17:20 White House: No Talks Under Way As US Seeks To 'Destroy' Iran Economy Washington and Tehran are not currently in talks to end the war, White House Press Secretary Karoline Leavitt said on August 27, as the United States focuses on efforts to "destroy" Iran's economy.
New posts 20:29 Trump DownplaysIssue Of Russia's Trade With Iran US President Donald Trump played down the need to punish Moscow for trading with Iran following his government's declaration of an "economic D-Day" targeting Tehran if it refuses to open the Strait of Hormuz.
New posts 00:07 US Treasury To Press G20 Members To Cut Irans Illicit Revenue Flows By Alex Raufoglu WASHINGTON -- US Treasury Secretary Scott Bessent will later this month press counterparts to sever financial and economic channels that Washington says help sustain Irans government and the Islamic Revolutionary Guards Corps (IRGC), US officials said.
Syrian president applauds start to 'long and sustainable road' after lifting of sanctions Syrian president Ahmad al-Sharaa said that his country has entered a new phase of "reconstruction" after the US lifted sanctions. "After the obstacles were removed and sanctions lifted, we have not yet reached the end. We are at the beginning of a long and sustainable road defined by dignity, revival, reconstruction, development and civilisation," Sharaa said during the opening of the 63rd Damascus International Fair.
ICC's Japanese president says she 'won't give up' despite US sanctions The Japanese president of the International Criminal Court (ICC), Tomoko Akane, said she would not back down under US pressure. Last week, Washington announced that it was sanctioning Akane, as well as the body's Senegalese senior trial lawyer, Abdoulaye Seye. It came amid US President Donald Trump's stated mission of dismantling the ICC for investigating Israeli and, potentially, US officials for war crimes.
Iran’s foreign ministry calls US economic plan to isolate Tehran 'pure parody' Iranian foreign ministry spokesman Esmaeil Baqaei mocked the US economic plan to isolate Tehran as "pure parody". "Washington’s Iran policy has reached pure parody," he said in a post on X. "It turns to Bahrain - a country with virtually no meaningful economic exchange with Iran - to prove that its “coalition” is working," he said, referring to an earlier call between the US Treasury Secretary and Bahraini finance minister.
Iran says nuclear sites remain unsafe for IAEA inspections Iran remains in a wartime situation and has not secured its nuclear sites for inspections, nuclear chief Mohammad Eslami told state media on Wednesday. Eslami said the International Atomic Energy Agency could not request access until it established an inspection protocol. He added that US President Donald Trump’s threats to bomb an alleged secret Iranian nuclear site showed that international organisations served as “pawns” of the United States and Israel.
Iran says US sanctions will achieve nothing Iran's president insisted on Wednesday that the United States would achieve nothing with its new sanctions campaign after Washington laid out plans to collapse the country's economy. Almost six months into their war, the two sides are locked in a stalemate, with Iran keeping the key Strait of Hormuz shut and Washington persisting with a naval counter-blockade of Iran. "America will not achieve anything with economic pressure at this stage, just as it was unable to achieve anything in the war," Iranian President Masoud Pezeshkian said Wednesday, according to the country's ISNA news agency.
President denies visit was to gain support for Iran sanctions or due to fears that Putin plans to ‘test Nato resolve’ US politics live – latest updates Donald Trump has downplayed a visit to Moscow by the CIA director, John Ratcliffe, as “semi-routine” after he turned up in the Russian capital unannounced, triggering a wave of speculation about the reasons for his trip. Ratcliffe was reported to have flown to Moscow on a government transport plane on Tuesday in a rare visit after taking off from the Andrews air force base in Maryland. Continue reading...
CAIRO/WASHINGTON, D. C. : Iran has said it will resist new U.
US designates Palestine Action as a terrorist organisation The US has imposed sanctions on the direct action group Palestine Action, designating it a Specially Designated Global Terrorist, according to a notice posted on a Treasury Department website. According to the Telegraph, US officials say that the group's promotion of "acts of terrorism" on social media encourages others to adopt direct action tactics overseas, including in the US. This marks the first known case of a British left-wing group being subjected to US counter-terrorism sanctions.
New Delhi [India], August 26 (ANI): Indian rice exports to the Middle East have remained resilient despite the economic crisis in Iran, with exporters saying trade with the country is likely to continue uninterrupted as shipments are increasingly routed through alternative destinations amid US sanctions.
Trump says he is 'not in a hurry' to revive talks with Tehran US President Donald Trump has said he is "not in a hurry" to resume talks with Tehran. In an interview with Al Jazeera, Trump said he has "no time schedule" when it comes to closing a deal with Iran. He further commented that economic sanctions against the country are proving as effective as military strikes, and that Iran's "economy is falling apart".
Iran's drawdown of strategic fuel reserves has reached a “red alert” level and could exhaust remaining stocks within weeks, fueling disagreement between President Masoud Pezeshkian and the Revolutionary Guards, informed sources told Iran International on Wednesday.
Trump’s ‘economic D-Day’ tests Iran’s trading ties across the region Submitted by Zahra Ladha on Tue, 08/25/2026 - 09:48 US sanctions deepen Iran’s economic crisis as Tehran threatens retaliation and regional escalation A drone view shows vessels in the Strait of Hormuz, as seen from Musandam, Oman, 15 June 2026 (Reuters) Off The US threat to sever Iran ’s economic lifeline with a raft of new sanctions, coupled with Tehran’s warnings of military retaliation and further restrictions on oil exports, has raised the stakes across the region. The new sanctions come a week after a 60-day window to negotiate a US-Iran peace deal and reopen the Strait of Hormuz expired. US Treasury Secretary Scott Bessent on Monday unveiled measures intended to isolate Iran's economy, with the US having struggled to solve the conflict with Tehran militarily.
The cost of the fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries.
Iranian president says US will 'achieve nothing' with economic pressure Iranian President Masoud Pezeshkian said the US would "achieve nothing" with its new round of economic sanctions. "With the measures that the government's economic sectors have foreseen, America will not achieve anything with economic pressure at this stage, just as it was unable to achieve anything in the war," Pezeshkian said on Wednesday, according to ISNA news agency.
Iran and Oman plan for temporary Hormuz corridor Iran has held new talks with neighbouring Oman on management of the Strait of Hormuz, blockaded over nearly six months of conflict, with Oman's foreign minister saying he was hopeful a temporary corridor through the waterway could be announced soon. Iran and Oman said on Tuesday that they discussed "a joint temporary navigational corridor" through the strait and agreed to clear it of mines. "I am hopeful we will soon announce a temporary corridor for the Strait of Hormuz and practical arrangements to restore safe navigation," Omani Foreign Minister Badr Albusaidi posted on X following talks with his Iranian counterpart.
The cost of the fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries.
Ships anchored in the Strait of Hormuz off the coast of Bandar Abbas, Iran, on August 10, 2026. /VCG Editor's note: Professor Wang Jin is a Middle East expert and CGTN Commentator. The article reflects the author's opinion and not necessarily the views of CGTN.
