August 24, 2026
Field Marshal Asim Munir travels to Tehran on Monday, the same day the US Treasury details what Washington calls the greatest financial offensive ever marshalled against Iran. Islamabad has been relaying messages between the two capitals since brokering an April ceasefire.
August 23, 2026
Tehran has denounced US plans for new sanctions ahead of a Treasury announcement on Monday. Oil shipments through the Strait of Hormuz are at a virtual standstill, with Iran threatening to strike unauthorised tankers.
August 22, 2026
Iran's armed forces chief of staff says the response to new US threats will be broad and decisive. The US Treasury secretary will set out the planned financial penalties on Monday, and NATO has convened a meeting on the Strait of Hormuz.
August 21, 2026
Treasury Secretary Scott Bessent says maximum economic pressure makes a large-scale military restart less likely, with details due next week. China, which buys more than 80 per cent of Iran's shipped oil, says sanctions will not resolve the crisis.
August 18, 2026
The US president said Iran should "put up the white flag of surrender" and ruled out extending the interim deal, whose 60-day negotiating window expired on Monday. He also threatened to bomb Oman if it "gets in the way".
August 18, 2026
Brent climbed to $91.14 after a senior Iranian official said Tehran would shift to a fully offensive military posture and Washington ruled out extending the ceasefire. Only five vessels transited Hormuz on Saturday and none on Sunday.
August 17, 2026
On Saturday five ships went through the Strait of Hormuz. On Sunday none did. Aflatoon on the number that should have led every bulletin in a country that imports ninety per cent of its energy through that water.
August 17, 2026
Ship-tracking data show five commodity vessels transited the Strait of Hormuz on Saturday and none on Sunday, against 31 the previous weekend. Brent held at $88.55 after gaining more than 5 per cent last week.
August 15, 2026
"Pretty soon I'll be declaring the Hormuz Strait a territory of the United States," Trump said in a speech, as Brent approached $90 and US pump prices reached around $4 a gallon. It was unclear whether the remark represented policy.
August 13, 2026
Brent slipped to $88.56 after the IEA forecast a 1.6 million barrel-a-day contraction in consumption this year and US crude inventories rose 17.4 million barrels — the largest weekly gain since January 2023.
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