US President Donald Trump on Wednesday announced what he called the “most crushing economic operation” ever imposed against a country, targeting Iran with an unprecedented campaign of economic warfare and isolation while warning nations providing Tehran with financial or commercial support of “tremendous” consequences.

US President Donald Trump has said that there are no talks scheduled with Iran regarding a possible extension of ceasefire. Meanwhile, oil prices rose for a fourth consecutive day as the two nations remain locked in a stalemate.

Tensions over the Strait of Hormuz mounted after Trump threatened to attack Oman if it interfered with efforts, as a 60-day deadline for the US and Iran to reach a deal expired. Follow for live news updates.

Iran has traditionally maintained good relations with Turkey and Pakistan; its cultural bonds with these two countries are strong and go back centuries. More recently, the Islamic Republic has worked to improve its relations with Saudi Arabia, particularly since reestablishing diplomatic ties with Riyadh in 2023.

UAE halts trade with Tehran after missile strikes, and Iran warns Gulf states against supporting US forces. Meanwhile, Strait of Hormuz shipping remains severely disrupted, keeping oil prices elevated

President Donald Trump demands Iran compensate families of USS Cole victims and thousands killed by Iranian-backed attacks in future negotiations.

Iran says Qatar is holding three pilots who were shot down in March. Doha decries ‘misleading statements’.

The former Trump defense secretary says Iran's sweeping demands to reopen the Strait of Hormuz show Tehran believes it has the upper hand.

September rate-hike chances have fallen, but a hot inflation print or renewed disruption in the Strait of Hormuz could put them back in play.

India, Aug. 20 -- The confrontation between the United States and Iran is entering a new economic phase, with Washington seeking to squeeze Tehran not only through direct sanctions but also by putting pressure on countries that continue trading with Iran.