Iran, Oman edge toward Strait of Hormuz reopening plan, but Tehran demands U.S. lift blockade
The two nations, which lie on opposite sides of the vital, narrow waterway, discussed a proposal to temporarily reopen it and clear mines.
August 26, 2026 / 3:03 AM EDT / CBS News
Iranians queue for gas after U.S. announces new sanctions
Long lines formed at gas stations in Tehran Tuesday after the United States announced fresh sanctions aimed at pressuring Iran into submission.
Washington has turned to pulling economic levers six months into a war on Iran that has ground to a stalemate militarily, with peace talks stalled and most traffic through the crucial Strait of Hormuz blocked.
Treasury Secretary Scott Bessent on Monday laid out plans for the "economic asphyxiation" of Iran, saying the "objective is to sever every economic lifeline that sustains this tyrannical regime."
Though Iran's leaders have shrugged off the tough talk, having already endured sanctions for decades, some residents of the capital feared that they would feel the pinch.