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.
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.
