Thursday, August 13, 2026
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Edition of 13-08-2026

Hormuz Standoff Deepens as U.S. Shifts Toward Economic Pressure

Thursday, August 13, 2026
Part of: Iran War Escalates, Shaking the Region and World (275 clusters · 15-03-2026 → 13-08-2026) →
Sources cbsnews.com 3cnbc.com 1thenationalnews.com 1
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Commercial oil tankers moving cautiously through the Strait of Hormuz amid sparse maritime traffic, distant patrol vessels and hazy coastal infrastructure conveying regional tension and disrupted trade, photojournalistic documentary photography, wide establishing composition with realistic ship details, shot on a 35mm lens, late-afternoon golden light filtered through humid atmosphere, subdued colors and serious global-economic mood.

Summary

The U.S.-Iran conflict has intensified around the Strait of Hormuz, with President Donald Trump claiming Washington has total control while Iranian authorities insist the waterway remains blocked until Tehran’s demands—including sanctions relief, troop withdrawals, compensation and an end to the naval blockade—are met. Shipping has collapsed by roughly 90% from prewar levels, disrupting oil and cargo flows and driving crude prices and U.S. gasoline costs higher. Attacks by Iran-backed Houthi forces in the Red Sea, threats to commercial vessels, environmental damage and Israeli military activity in Lebanon have widened the regional crisis. Although Pakistan reported possible movement toward a diplomatic arrangement, negotiations remain uncertain, with both sides demanding reparations and maintaining conflicting positions. The Trump administration is increasingly emphasizing sanctions, oil-trade restrictions and economic coercion over immediate military escalation, while retaining military options and continuing maritime enforcement. The conflict has also produced severe humanitarian and economic consequences inside Iran, heightened concerns about nuclear capabilities and regional escalation, and prompted changes in U.S. military deployments, including a planned Iraq withdrawal and heightened protection for senior officials.

Key Points

  • The Strait of Hormuz remains effectively closed or severely restricted, with vessel traffic falling from about 130 ships per day before the war to roughly 8–13 daily, despite Trump’s claims of total U.S. control.
  • The standoff is worsening global energy and trade risks: oil prices approached $90 per barrel, U.S. gasoline averaged about $4 per gallon, and Saudi Arabia increased pipeline exports to bypass vulnerable maritime routes.
  • Washington and Tehran are making competing demands for compensation, sanctions relief, troop withdrawals and an end to blockades, although Pakistan reported that the sides may be nearing a broader peace arrangement.
  • The regional conflict has spread through Houthi attacks in the Red Sea and Yemen, Israeli operations in southern Lebanon, threats to shipping, and reported environmental damage near Iranian islands.
  • The Trump administration is prioritizing expanded sanctions and pressure on Iran’s oil, financial and weapons networks after military action failed to secure capitulation, while preserving the possibility of further strikes.

Articles in this Cluster

Live Updates: Trump says U.S. has "total control" over Strait of Hormuz and might "keep it"

The CBS News live update reports escalating tensions surrounding the Iran war, with major consequences for maritime traffic, regional security, human rights and U.S. military deployments. President Donald Trump claimed that the United States has “total control” over the Strait of Hormuz and suggested that the U.S. might retain control of the strategic waterway. Iran rejected the claim. Shipping activity has sharply declined, with only eight vessels tracked passing through the strait during the reported week, compared with approximately 130 ships per day before the war began on February 28. The update also reports that six people were killed aboard a vessel in the Red Sea in an attack attributed by Yemen’s coast guard to Iran-backed Houthi rebels. More than 30 countries, including France, Britain and Canada, condemned Iran’s execution of protesters and called for an immediate end to the death penalty and the release of people they described as arbitrarily detained. Iran’s Foreign Minister Abbas Araghchi dismissed the criticism and accused Western governments of hypocrisy over their support for Israel and opposition to Iran. In Lebanon, Prime Minister Nawaf Salam accused Israel of systematically destroying homes, infrastructure and public buildings in southern Lebanon in violation of international law. Israeli Defense Minister Israel Katz defended the military’s actions and said troops would remain in a security zone. The United States warned that a permanent Israeli military presence would conflict with the framework agreed by Israel and Lebanon. The report further says that President Trump was secretly moved between aircraft during a NATO summit after U.S. and Turkish intelligence identified a credible Iranian missile threat against Air Force One. Separately, U.S. officials said American forces are expected to complete their withdrawal from Iraq by September 30, ending a military presence that began with the 2003 invasion. The available article ends during an update about Iran’s rejection of Trump’s Strait of Hormuz claim.
Entities: Donald Trump, Iran, United States, Strait of Hormuz, Red SeaTone: urgentSentiment: negativeIntent: inform

Trump demands Iran pay compensation after Tehran makes conditions for reopening Strait of Hormuz

The article reports escalating tensions between the United States and Iran over the Strait of Hormuz, a crucial global oil and natural-gas shipping route that is effectively closed amid the war. Iran has said it will not reopen the strait unless it receives compensation for war-related damage and other conditions are met. President Trump responded by demanding that Iran compensate victims and countries affected by attacks allegedly backed or carried out by Tehran. He specifically cited the families of the 17 U.S. sailors killed in the 2000 USS Cole bombing, other U.S. combat deaths, victims of Iranian crackdowns, and people killed in Lebanon, Syria, Yemen, and Gaza. Trump said the demands would be included in future negotiations and described the United States as only “semi-negotiating” with Iran. Trump also claimed that the United States controls the strait completely, while acknowledging that Iran can disrupt shipping by deploying mines. He characterized the U.S. Navy’s blockade of Iranian-bound ships as a reliable “steel wall.” Separately, his administration extended a 90-day waiver of the Jones Act to allow foreign ships to transport energy products and agricultural commodities between U.S. ports. The measure is intended to reduce domestic fuel and commodity price pressures while the strait remains closed. The standoff has pushed oil prices sharply higher, with crude rising more than 10% in a week and Brent crude approaching $90 per barrel. Analysts warned that prolonged disruption could intensify inflation and increase the likelihood of a U.S. interest-rate hike. At the same time, Iranian-backed Houthi rebels renewed attacks in Yemen, striking the government-held port of Mokha and the province of Marib with missiles and drones. The violence threatens Yemen’s fragile truce, shipping through the Red Sea and Bab el-Mandeb Strait, and the possibility of a broader regional conflict.
Entities: Donald Trump, Iran, United States, Strait of Hormuz, Iranian-backed Houthi rebelsTone: urgentSentiment: negativeIntent: inform

U.S. and Iran close to a "peace arrangement or a deal," Pakistan says

The CBS News live update reports that the United States and Iran may be nearing a diplomatic understanding. Pakistan Defense Minister Khawaja Asif said the two sides were moving toward “some sort of an arrangement,” potentially a peace agreement or broader deal. His comments come as President Trump claims the United States controls the Strait of Hormuz, says Iran’s economy is being damaged by the war, and echoes Tehran’s demand that the opposing side compensate it for wartime destruction. The report also reveals that Trump secretly changed aircraft in Turkey on July 8 after U.S. intelligence detected a credible plot by Iran and its proxies to fire a missile at Air Force One. Trump said he followed the instructions of the Secret Service and military officials and did not seek extensive details about the threat. The conflict’s regional and economic consequences remain severe. Three Pakistani nationals were killed and another injured in a Houthi attack on a vessel in the Red Sea. Oil prices rose nearly 1%, with Brent crude reaching $89.67 per barrel and U.S. crude reaching $83.98. The increase pushed the average U.S. gasoline price to $4.01 per gallon, up from less than $3.14 a year earlier. A former Mossad chief, Yossi Cohen, claimed Israeli intelligence operatives had visited Iran’s Fordo nuclear facility many times. The report places those remarks in the context of Israel’s previous war with Iran, U.S. strikes on Iranian nuclear sites, and international concern over Iran’s enriched uranium stockpile. The United States also struck a Panama-flagged vessel accused of violating its blockade of Iranian ports. Separately, Iran’s new Supreme Leader, Mojtaba Khamenei, appointed six senior military and security officials, moves that may indicate a consolidation of power and tighter coordination among Iran’s military, Revolutionary Guard, and national security institutions.
Entities: United States, Iran, Khawaja Asif, Donald Trump, PakistanTone: urgentSentiment: negativeIntent: inform

‘Hormuz remains blocked’: Iran disputes Trump claims as traffic sinks to near 3-month lows

Iranian authorities have disputed President Donald Trump’s claim that the United States has “total control” over the Strait of Hormuz, insisting that the strategically important waterway remains blocked. The Persian Gulf Strait Authority said the strait would not reopen until Iran’s demands are accepted. Trump, meanwhile, said on Truth Social that the U.S. controls the strait and suggested Washington intended to maintain that control. Independent shipping data indicates that traffic through Hormuz has fallen sharply, supporting Iran’s assertion that the waterway remains effectively blocked or severely restricted. Kpler data analyzed by CNBC showed that average vessel transits were about 13 per day on Tuesday, close to the lowest level in nearly three months. That figure is approximately 90% below the pre-conflict daily average of 130 ships. The decline affects all vessel categories, including cargo ships and oil tankers, and has significant implications for global energy and trade flows. The dispute is unfolding as Washington and Tehran adopt increasingly rigid positions in negotiations. Iran’s Supreme National Security Council has demanded an end to the U.S. naval blockade, sanctions relief, the withdrawal of American troops and war reparations before reopening the strait. Both sides are also seeking reparations from the other. Mohammad Reza Naqdi, an adviser to the commander of Iran’s Islamic Revolutionary Guard Corps, told PBS that Iran believes it is achieving victory and that the U.S. military has proved weaker than expected. He criticized what he characterized as changing American war objectives and a lack of strategy. Naqdi said Iran’s broader objective is to establish deterrence, potentially by prolonging the conflict and imposing enough costs to discourage future attacks. The conflicting public statements and historically low shipping traffic underscore the uncertainty surrounding control of the waterway and the prospects for de-escalation.
Entities: Strait of Hormuz, Iran, United States, Donald Trump, Persian Gulf Strait AuthorityTone: analyticalSentiment: negativeIntent: inform

Iran war latest: Tehran rejects Trump claim of US control over Strait of Hormuz | The National

The supplied page content is a partial extract from The National’s live coverage of the 2026 US-Iran war. The main headline reports that Tehran rejected US President Donald Trump’s claim that the United States controls the Strait of Hormuz, a strategically important waterway. The page’s listed latest updates indicate that US forces had diverted 59 vessels amid an Iranian blockade, while an Iranian official reported oil pollution affecting the islands of Qeshm and Hengam. The update list also mentions the suspension of an X account belonging to a Houthi military spokesman, Pakistan’s efforts to promote a final truce as a US-Iran deadline approached, and Iran’s statement that it was not discussing an extension of a ceasefire with Washington. The page also highlights several related video reports and statements. These include Trump discussing an Air Force One evacuation following an Iranian threat, his demand that Iran compensate the United States, a US claim that Iran’s nuclear programme had been destroyed, and a sailor’s account of fireballs and distress calls. Other clips concern life under occupation in Kfarshouba, the possible revision of a US-Iran June agreement, aerial refuelling by a US fighter jet, Trump saying the US had postponed a major attack, and his accusation that Iran lies. A further video reports that a drone struck a US-owned tanker in an Egyptian port. The available extract does not include the substantive paragraphs of the live article, so the summary is limited to the headlines, update list, and video descriptions provided. The overall presentation is urgent and conflict-focused, emphasizing military operations, maritime disruption, diplomatic uncertainty, environmental damage, and competing claims by Washington and Tehran.
Entities: Donald Trump, Tehran, Iran, United States, Strait of HormuzTone: urgentSentiment: negativeIntent: inform

Trump opts for Iran economic pressure over military action for now | Fox News

President Donald Trump is signaling that, for now, the United States will rely primarily on economic pressure rather than immediately expanding military action against Iran. In an interview with Axios, Trump said the two countries were only “semi-negotiating” while Washington watched Iran struggle with severe inflation, depleted finances and difficulty paying its troops. He also argued that a U.S. naval blockade of the Strait of Hormuz has worsened Tehran’s financial crisis. The article examines the competing explanations for Iran’s economic collapse. U.S. sanctions, the war and the blockade have intensified the pressure, but American officials and sanctions experts argue that decades of corruption, economic mismanagement, nuclear brinkmanship, missile and drone attacks, and support for militant proxies created the underlying vulnerabilities. Trump reinforced that message on Truth Social by portraying the Iranian rial as essentially worthless and blaming the regime’s “51 years of bad behaviour.” The economic strain is reportedly affecting ordinary Iranians, with an Iranian newspaper describing alleged incidents of customers stealing or consuming basic groceries in stores because they could no longer afford them. At the same time, the Trump administration has expanded its “Economic Fury” campaign against Iran’s oil trade, shadow banking networks, weapons procurement, cryptocurrency holdings and sanctions-evasion infrastructure. The Treasury Department says the measures have blocked tens of billions of dollars in revenue and targeted more than 100 vessels associated with Iran’s shadow fleet since the start of 2026. U.S. officials maintain that economic pressure is only one element of a broader strategy. Trump continues to prefer diplomacy but, according to the article, retains military options if Iran refuses a deal, supports terrorism or continues pursuing a nuclear weapon. The report ends with a sanctions expert arguing that sanctions and war accelerated Iran’s decline, while the regime’s own policies caused many of its fundamental problems.
Entities: Donald Trump, Iran, United States, Strait of Hormuz, U.S. economic sanctionsTone: analyticalSentiment: negativeIntent: analyze

CNBC Daily Open: Middle East tensions send oil higher while Iran-U.S. tensions escalate

CNBC Daily Open reports that escalating security tensions in and around the Middle East have pushed oil prices higher, as markets worry about potential disruptions to global energy supplies. Recent deadly attacks on vessels in the Gulf of Oman and the Red Sea, together with a worsening oil spill near Oman, have intensified those concerns. The situation is further complicated by a dispute between Iran and the United States over the Strait of Hormuz. While President Donald Trump has repeatedly claimed that Washington has “total control” of the strategic waterway, Iran’s Persian Gulf Strait Authority says the strait remains blocked and will not reopen until Iran’s conditions are met. Saudi Arabia is responding to security risks in the Red Sea by increasing oil exports through a pipeline to the Mediterranean, thereby reducing its reliance on vulnerable maritime routes exposed to attacks by Houthi militants. The article also reviews several developments in Asian markets. Japan’s producer-price growth slowed slightly to 7.2% year over year in July, below analysts’ expectations. Higher electricity costs were identified as the largest contributor to the country’s producer-price index. In South Korea, the benchmark Kospi entered a technical bull market as investors renewed their interest in artificial-intelligence-related companies following a major sell-off in the previous month. Fundstrat Global Advisors said South Korean equities could continue rising, supported by recovering memory-chip manufacturers. In the technology sector, Chinese memory-chip producer Yangtze Memory Technologies reportedly surpassed U.S. company Micron and Japan’s Kioxia in market share, according to Counterpoint data. The article concludes with a consumer and food-price story: U.S. lettuce prices fell 16.4% in July, the largest monthly decline on record, as a multistate cyclospora outbreak prompted consumers to avoid the product. Economists attributed the sharp price drop primarily to weakened demand caused by health concerns.
Entities: Iran-U.S. tensions, Strait of Hormuz, Gulf of Oman, Red Sea attacks, Oil supply disruptionsTone: analyticalSentiment: negativeIntent: inform

Trump turns to economic pain as US bombings fail to sway Iran | South China Morning Post

The article reports that the Trump administration is shifting its strategy toward intensified economic pressure on Iran after a US military campaign failed to force Tehran to capitulate. The administration is considering a sustained naval blockade, additional sanctions and measures to make it more difficult for Iran to sell its oil, a central source of government revenue. The renewed approach resembles the “maximum pressure” campaign used during Donald Trump’s first term, which included escalating sanctions but failed to achieve the political outcome Washington wanted before 2020. The policy shift represents a reversal from threats made only days earlier to expand military operations after nearly six months of war with Iran. The article attributes the change to two concerns: the US military is facing a shortage of necessary munitions, and the war has become politically unpopular. Rather than escalating direct attacks, Trump and his senior officials are again betting that severe economic hardship will compel Iran to change course. US officials describe the strategy as already damaging Iran’s economy. Ambassador to the United Nations Mike Waltz said that “Operation Economic Fury,” led by Treasury Secretary Scott Bessent, was devastating the country and argued that Iranian leaders would tolerate bombing but fear economic pressure more. Trump similarly highlighted Iran’s high inflation and lack of money, while Bessent said the Iranian government was causing its population to suffer and that Washington would continue tightening pressure. The article presents the strategy as a calculated but uncertain attempt to achieve through economic coercion what military force has not accomplished. It also underscores the administration’s confidence that economic sanctions will work more effectively this time, despite the failure of the earlier maximum-pressure campaign.
Entities: Donald Trump, Iran, United States military, Mike Waltz, Scott BessentTone: analyticalSentiment: negativeIntent: analyze