Economy
US Prepares Economic Pressure Campaign Against Iran Amid Escalating Tensions
The NationalAugust 24, 2026 at 04:18 AM0 views
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This story, titled "Iran war latest: US poised to announce ‘economic D-Day’ against Tehran" First published on The National and was retrieved from its original source on August 24, 2026.
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Iran has announced that the Pakistan army chief is scheduled to visit Tehran on Monday. Meanwhile, Iran is facing an 'all-out war' as the US pivots toward intense economic pressure, warning that any countries joining the US economic campaign will be treated as an 'enemy'.
President Trump stated that Iran is not yet ready for the 'right' deal and claimed that the Strait of Hormuz will become 'territory' of the US, while also admitting to an Air Force One escape over an Iran threat and firing back at Iran over compensation.
In related developments, Pope Leo renewed an appeal for Gaza aid and reconstruction, and Israeli strikes in Gaza have resulted in the deaths of two people. Other regional updates highlight the south Lebanon ridgeline as a potential next flashpoint, surging US missile and air-defence funding requests, the UAE halting trade with Iran according to Manus on Markets, and questions surrounding the lethality of the Houthis' military arsenal.
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