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Trump Rejects Iran Memo, Tightens Economic Pressure

8/29/2026

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Trump Halts Iran Deal
  • U.S. President Donald Trump announced on August 28, 2026 that the United States will not resume the June 2025 Iran memorandum of understanding.
  • The announcement deepens concerns that U.S. sanctions will worsen Iran’s economic hardship and threaten food and fuel supplies.
  • The United States will pressure Iran targeting gold, cryptocurrency, technology, shipping and aviation sectors.
  • The International Maritime Organization said oil flow through the Strait is far below pre-war levels.
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