Iran Rejects US Pressure, Enters 'Survival Economy' As Mediators Cite 'Absolutely No Progress'
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Source: Zero Hedge
Published: 2026-08-12 22:50 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Defence, Middle East, Military & Defence, Iran, Economy & Finance, Elections, US Politics, Business & Economy, War & Conflict
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Snippet:
In his latest Wednesday Truth Social post, Trump issues a familiar refrain (one that will likely be on repeat up to the November midterms), claiming that the USA has "total control" over the Strait of Hormuz and "I think we will keep it". It's also yet more confirmation that he's opting for economic siege warfare as the US military campaign is on halt.
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