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.
TEHRAN (Tasnim) – Iran’s Foreign Ministry spokesperson mocked the US threats to target Iran’s revenue sources and pressure countries and companies doing business with Tehran, warning that Washington’s coercive approach amounts to systemic bullying and undermines international law.
US Treasury Secretary and Bahraini finance minister discuss Iran sanctions US Treasury Secretary Scott Bessent in a call with Bahrain’s finance minister discussed the latest sanctions against Tehran, emphasising the "importance of sustained financial pressure on Iran’s remaining economic lifelines". The US Treasury Department wrote in a post on X that Bessent stressed to Sheikh Salman bin Khalifa Al Khalifa that Tehran "must not be permitted to threaten international commerce or use the Strait of Hormuz as leverage against the global economy". Bessent also welcomed the Gulf country's "longstanding partnership" and its ongoing commitment to "safeguarding the integrity of the international financial system".
Five commodity vessels transited Hormuz Strait on Tuesday Preliminary shipping data from Kpler showed that only five commodity vessels transited the Strait of Hormuz on Tuesday, with traffic remaining well below the 10-day average of 15. The vessels travelling via the strategic waterway include two tankers carrying liquefied petroleum gas and one tanker carrying bitumen. Two more empty product tankers entered the strait.
Mumbai (Maharashtra) [India], August 26 (ANI): Indian benchmark indices opened on a mixed note on Wednesday, as Brent crude slipped to around USD 86 per barrel amid hopes of progress around the Strait of Hormuz. The Sensex opened higher, surging over 200 points, while the Nifty held above the 24,300 level. The Sensex opened at 77,892.
New posts 12:39 11 Sanctioned Iranian Oil Tankers 'Stranded' Near Sri Lankan Coast Sri Lanka is monitoring a fleet of 11 Iranian oil tankers under US sanctions near the island's southern coast, the country's foreign minister, Vijitha Herath, said on August 26.
Bank Melli, Iran’s largest lender, already faces waves of sanctions that severely limit its ability to operate abroad. Every foreign branch must be shut down, Treasury Secretary Scott Bessent said.
Internal calls to end war get louder as Gulf neighbours plan alternative pipelines to cut reliance on waterway Is the strait of Hormuz, recently cited by the office of the Iranian supreme leader as “the pillar of Iran’s new security order”, and as transformative as possessing a nuclear weapon, in reality becoming a fast-diminishing asset, leaving Iran increasingly vulnerable to the new planned US wave of economic sanctions? It is the key debate that is raging inside Iran, with many different conclusions being drawn for Tehran’s negotiating strategy. Those who warn the strait’s value as a chokehold on the world economy will erode, leaving the country without foreign exchange reserves, argue that Iran’s negotiators should seek a deal soon.
Opinion: Washington has branded its latest sanctions campaign against Iran an "Economic D-Day," betting tighter financial isolation can force Tehran to yield. Yet history suggests that economic warfare and maximum pressure provide no solution; instead, they only deepen tensions and increase the risk of spillover. The harder the squeeze, the greater the disruption to the global economic and financial order.
Diesel and fertilizer costs have soared due to the conflict, with growers projected to lose $31 billion this year US grain farmers have been plunged into their worst financial crisis in four decades as the war with Iran drives up diesel and fertilizer costs, the Financial Times reported on Tuesday.
Diesel and fertilizer costs have soared due to the conflict, with growers projected to lose $31 billion this year US grain farmers have been plunged into their worst financial crisis in four decades as the war with Iran drives up diesel and fertilizer costs, the Financial Times reported on Tuesday. The latest price shock compounds years of weak crop prices and falling incomes.
Watch: Analyst says US lacks leverage to force global isolation of Iran When US Treasury Secretary Scott Bessent laid out “Operation Economic Outcast”, he told the world, "You are either with us or against us. ” Every country has to cut ties with Iran, or the US says it will sanction them. So is Trump’s D-Day an attack of historic proportions?
Tehran [Iran], August 26 (ANI): Iran's Deputy Foreign Minister for Legal and International Affairs Kazem Gharibabadi said the temporary maritime route agreed with Oman does not mean the reopening of the Strait of Hormuz, stressing that 'militarily, the Strait of Hormuz is closed,' as reported by ISNA.
Tehran [Iran], August 26 (ANI): Iran's parliamentary speaker and chief negotiator Mohammad Bagher Ghalibaf targeted US Treasury Secretary Scott Bessent over Washington's latest sanctions campaign against Iran, highlighting the concept of 'Economic D-Day' used by the US administration. In a post on X on Tuesday, Ghalibaf singled out Bessent and said, 'Him: 'Economic D-Day.
Tehran [Iran], August 26 (ANI): Iran's Deputy Foreign Minister for Legal and International Affairs Kazem Gharibabadi said the temporary maritime route agreed with Oman does not mean the reopening of the Strait of Hormuz, stressing that 'militarily, the Strait of Hormuz is closed,' as reported by ISNA.
The United States threatened sanctions for any country or entity that engages with Iran’s gold, digital assets, aviation, shipping and tech industries. Here’s why that matters.
Top Iranian officials mock US 'economic D-Day' on social media Several top Iranian officials have taken to social media to mock US Treasury Secretary Scott Bessent's "economic D-Day" of sanctions on Iran, including parliamentary speaker and chief negotiator Mohammad Bagher Ghabilaf and Foreign Ministry spokesman Esmaeil Baghaei. Ghabilaf made fun of Bessent's apparent slip in Monday's press conference in which he appeared to imply that the sanctions risked collapsing the global economy, saying: "Sir this ain’t Normandy, this is improv night and you forgot your own script. " Meanwhile, Baghaei wrote: "Those who prefer to appear ‘as obedient as shadows’ say: ‘This is fine.
President Trump’s “Economic D-Day” is intended to break the stalemate with Iran. But decades of sanctions have done little to change the country’s behavior.
Tehran [Iran], August 25 (ANI): The United States has delivered a proposed diplomatic deal to Iran offering to lift blockades and economic sanctions in exchange for Tehran reopening the vital Strait of Hormuz and halting attacks carried out by its regional proxies, reported Al Arabiya English.
Oman and Iran propose temporary shipping lane through Strait of Hormuz Oman and Iran have agreed on a proposed framework to resume safe navigation through the Strait of Hormuz that includes establishing a joint temporary shipping lane and a mine-clearing project in the waterway, they said in a joint statement on Tuesday. "The two Ministers discussed a phased framework" that includes "the establishment of a joint temporary navigational corridor through the Strait of Hormuz and an agreement to implement a joint project to clear the Strait of mines", the statement said, adding that technical negotiations for a permanent solution would continue.
