Day” aimed at isolating Iran from global trade, Tehran dismissed the threat as a distraction from America's own economic woes. Iranian officials pointed to the $40 trillion U.S. national debt.

Scott Bessent has not said if countries such as China could be targeted in an effort to economically isolate Tehran.

US President Donald Trump is struggling to extract the United States from a war that he started almost six months ago – alternating between claims that Tehran is “begging” for a deal, and threats to renew military attacks.

WASHINGTON, Aug 20 (Reuters) - The United States will on Thursday issue fresh sanctions targeting Lebanon's Hezbollah, including re-designating it under a terrorism authority, according to a statement seen by Reuters,

For weeks, there has been no diplomatic progress, but also no full-scale fighting, as both sides seem to believe they can hold out longer than the other.

The Strait of Hormuz remains the central flashpoint, with Washington claiming the waterway is open and operating while Tehran insists it will not fully reopen until US demands are met. Meanwhile, attacks on Gulf energy infrastructure,

Iran is reportedly planning to strike the US military in Europe after Donald Trump‘s post about the Strait of Hormuz. This follows Trump’s statement that there will be no extension of the 60-day

Vance said Washington's effort to keep vessels moving through the strategic waterway was aimed at increasing oil and gas supplies and easing pressure on US consumers.

Iran on Thursday dismissed threats by U.S. President Donald Trump of economic pain and isolation for the country, while the U.K. and other nations condemned Israel over a settlement project.Doctors Without Borders criticized the decision by Israel's military not to investigate two fatal attacks on the medical humanitarian organization's staff,