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Trump Announces “Economic Warfare” to Pressure Iran Oil

8/21/2026

38 8 Full Breakdown

Summary

Story summary

U.S. President Donald Trump announced “economic warfare” measures to pressure Iran’s oil.
Iran’s central bank governor Abdolnaser Hemmati said Iran exports no oil.
Oil prices rose nearly 3 % with Brent at $94 and WTI at $88.40.
The 60-day US-Iran interim deal to reopen the Strait of Hormuz expired Sunday.
Strait traffic fell to 12 commodity vessels on August 19, Kpler data shows.

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Story summary

U.S. President Donald Trump announced “economic warfare” measures to pressure Iran’s oil.
Iran’s central bank governor Abdolnaser Hemmati said Iran exports no oil.
Oil prices rose nearly 3 % with Brent at $94 and WTI at $88.40.
The 60-day US-Iran interim deal to reopen the Strait of Hormuz expired Sunday.
Strait traffic fell to 12 commodity vessels on August 19, Kpler data shows.