The IRGC says the Strait of Hormuz will remain closed unless the United States halts its blockade and accepts Tehran’s conditions for implementing a recent Memorandum of Understanding (MoU).

Less than a month after Washington and Tehran signed a memorandum of understanding meant to end their war and establish a framework for wider negotiations, US President Donald Trump has declared the deal “over”.

As the war between the United States and Iran escalates, economist Steve Hanke argues that Washington's strategy is irrational, economically self-defeating, and largely driven by Israeli interests.

Here are Pres TV's latest top stories at 09:00 GMT, on August 23, 2026.

The US war against Iran has significantly impacted global economies, particularly affecting energy and basic goods prices. The poor and working class are disproportionately affected, while the top 1% benefit from increased corporate profits.

US President Donald Trump has threatened to bomb Oman amid ongoing talks between Muscat and Tehran over the Strait of Hormuz.

Political analysts Tony Gosling and John Bosnitch argue that the US has lost its war with Iran and is seeking an exit, while Iran remains determined to defend its sovereignty and control of the Strait of Hormuz.