Donald Trump

Aug. 24 (UPI) — An unidentified projectile struck an oil tanker off the coast of Oman early Tuesday, a British sponsored maritime security organization said, the latest attack in the U.S.-Iran war over control of the Strait of Hormuz.

The UKMTO center said in a statement that it received a report of the strike at about 12:25 a.m. local time. It said the vessel was struck roughly 9 nautical miles northeast of Ash Shishan, Oman.

The tanker, which was not identified, sustained damage to its engine room, disabling the vessel.

“Crew reported safe,” the UKMTO center said. “Environmental impact is unknown at the time of the report.”

The UKMTO did not identify who launched the projectile nor has anyone yet taken responsibility. However, the strike comes as Iran has been enforcing a military blockade of the Strait of Hormuz since joint U.S.-Israeli attacks on Iran started the ongoing war in late February.

The Trump administration has for months employed military operations combined with economic measures to secure a diplomatic end to the conflict, its focus has since shifted to restoring freedom of navigation to the Strait of Hormuz, a vital energy shipping route. Meanwhile, Iran continues to use the strait as a bargaining chip in negotiations and has said it is seeking to maintain sovereignty over vessels that pass through it.

President Donald Trump has repeatedly claimed that the United States has control of the Strait of Hormuz and that vessels are transiting it. Over the weekend, Trump posted an image of the strait, calling it a “new U.S. territory” on his Truth Social media platform.

However, despite Trump’s claims, the number of vessels trainsiting the strait has drop from about 140 to a handful a day, according to a maritime tracker by the Organization for Economic Co-operation and Development.

Over the weekend, the Persian Gulf Strait Authority, an Iranian government entity formed to oversee the Strait of Hormuz, warned that vessels violating its protocols face with punitive measures, such as restrictions on future passages, fines, detention or confiscations.

On Monday, the Trump administration unveiled even more stringent sanctions targeting Iran, tightening its financial vises on Tehran.

U.S. Central Command also said a blockade of Iran’s ports, enforced since July 14 in response to Iran’s blockade of the Strait of Hormuz, has redirected 71 commercial vessels, disabled three and boarded two others.

Aug. 24 (UPI) — The U.S. State Department officially delisted Syria as a state sponsor of terrorism on Monday, marking a significant step toward the country’s reintegration into the global economy and the international community.

The announcement by Secretary of State Marco Rubio comes about a month and a half after President Donald Trump informed Congress of his intent to lift Syria’s decades-old terrorism designation that barred it from most U.S. foreign assistance and clamped down on what could be exported to it. It also meant the United States would oppose foreign institutions, such as the World Bank, granting it loans.

Along with the delisting of Syria, Rubio said he also removed Hay’at Tahrir al-Sham, the coalition of northern Syria-based Sunni Islamist groups that led the military campaign that toppled Syrian President Bashar Al-Assad in late 2024, from its list of specially designated global terrorists.

“These actions were all taken in recognition of the positive actions taken and further commitments by the Syrian government under President Ahmed al-Sharaa to fully distance Syria from acts of international terrorism,” Rubio said in a statement, listing as reasons Damascus’ joining the Global Coalition to Defeat the Islamic State and conducting terrorism-disrupting operations targeting ISIS and Iran-backed Hezbollah.

Rubio said removing the designations “eliminates the final major barrier for private sector investment in Syria and promotes economic recovery and reintegration into the global economy.”

Al-Sharaa issued a statement congratulating the Syrian people on their country’s removal from the U.S. state sponsors of terrorism list.

“Today, Syria is casting off a black mark from its shoulders, and with its own hands, tearing out a page from its painful past, so that it may set out toward development, reconstruction and building,” he said in a recorded statement.

“Great people of Syria, you have done it again. The sanctions have been lifted from you and the restrictions have been removed. I ask almighty God to help us serve you.”

Syria was among the first countries designated by the United States as a state sponsor of terrorism in 1979 over its hostility to Israel, fighting with Lebanon, partnership with Iran, alignment with Russia, support for terrorist groups and development of weapons of mass destruction, according to a Congressional Research Service report.

Since the fall of al-Assad in late 2024, Syria’s relations with the United States — and much of the Western world — have steadily improved. In June, Trump signed an executive order ending most U.S. sanctions on Damascus and informed Congress in July of his intent to delist it as a state sponsor of terrorism, starting the 45-day congressional notification clock before it could be formally removed.

“Lifting Syria’s designation as a state sponsor of terrorism is a historic step that returns it to its natural place within the global economic system,” Safwat Raslan, the governor of the Central Bank of Syria, said in a statement Monday.

“And we at the Central Bank of Syria are working to build a modern and reliable financial system, capable of keeping pace with and benefiting from all opportunities. And what is to come is better, God willing.”

If the action happens, it will be the largest single mass revocation of visas in US history, AP reports.

The United States is preparing to cancel business and tourism visas of up to 200,000 foreigners who have applied for or are seeking asylum in the country, according to the Associated Press news agency.

The AP, citing State Department documents and interviews with two US officials, reported on Monday that if the plan goes ahead, it would be the “largest single mass revocation of visas” in the country’s history.

It said the State Department is expected to announce the action within the coming weeks, working in coordination with the Department of Homeland Security (DHS).

It would target so-called B1 and B2 visas issued between 2016 and 2026, whose holders have sought asylum or are now seeking asylum.

“We are coordinating with DHS to identify and revoke the nonimmigrant visas of foreigners who have come to the United States claiming to be short-term visitors, but then file for asylum to stay here permanently,” said State Department spokesman Tommy Pigott.

Officials cited by the AP said the revocations would not automatically trigger deportations.

Instead, most people with pending asylum cases would be shifted into a different immigration category, effectively stripping their business or tourist designation while their cases proceed.

In a social media post on Monday, Deputy Secretary of State Christopher Landau called out people who he said try to use tourist and business visas to get into the US and then apply for asylum.

“People in the US and all over the world are fed up with bogus asylum claims,” Landau wrote on X. “Asylum isn’t supposed to be a loophole to circumvent immigration law.”

Since President Donald Trump took office for his second term last year, his administration has steadily ramped up restrictions on visa applicants – demanding more information about their social media histories, requiring the posting of expensive bonds for the processing of visas, and outright banning the issuance of visas to citizens of certain countries.

In the past 18 months, the State Department has also revoked about 175,000 visas for people who have been convicted or accused of crimes ranging from drunk driving to rape and robbery, as well as for people who have spoken out publicly against US policies, particularly in the Middle East.

US Treasury Secretary Scott Bessent announces new sanctions on Tehran to sever financial support for the regime, urging US allies to support the measures.

Aug. 24 (UPI) — The U.S. Supreme Court on Monday ruled that President Donald Trump can begin implementing measures from an executive order intended to restrict mail-in voting in many states and Washington, D.C.

However, legal challenges to that order could still cause issues for that plan before the midterm elections in November.

The ruling Monday means that the Department of Homeland Security can begin moving forward with compiling state-specific lists of people it believes are eligible to vote in the states — all led by Democrats – that had challenged the executive order.

Another part of the executive order required the U.S. Postal Service to require states that want to send ballots through the mail to submit lists of eligible voters with information allowing those ballots to be tracked by the government. A lower court had blocked that policy nationwide in a separate case, meaning that more legal action will be needed before the postal service can continue.

The high court’s ruling did not address the overall legality of the executive order.

“If the Postal Service’s final rule harms the states, theymay challenge that rule,” the ruling said.

The postal service entered an unpublished version of that final rule into the Federal Register late Friday despite the court injunctions against it.

Trump has repeatedly and without evidence claimed that mail-in voting is “inherently corrupt” and full of fraud, although voting experts have criticized the order and say such fraud is exceedingly rare. The president himself has voted by mail as recently as this year, NPR reported.

The high court handed down the ruling in an unsigned order over the dissent of three of its members: Justices Sonia Sotomayor, Elena Kagan and Ketanji Brown Jackson.

In a dissent, Jackson said the ruling “needlessly injects chaos and uncertainty into the upcoming midterm elections,” CNN reported.

She noted that, in the past, the Supreme Court has turned away challenges to election law because they were too close to elections. “Today’s revelation is that such claims can also come too early — never mind that an election is looming and related harms are presently occurring.”

The administration of United States President Donald Trump has announced new economic sanctions on Tehran, describing the measures as an “economic D-Day” as the US war on Iran approaches the six-month mark.

US Treasury Secretary Scott Bessent announced the sanctions on Monday, alongside a naval blockade of Iranian ports.

Bessent said the sanctions target key sources of Iran’s revenue, including its oil and gas industry, and called on countries around the world to cut economic ties with Tehran.

What are the sanctions?

The Treasury Department said the sanctions will target Iran’s aviation, digital assets, gold, technology and shipping sectors, as well as impose sanctions on 60 specific individuals and vessels.

“The main point is that Iran seems to have much less room than it did in previous years to simply work around sanctions,” Peiman Salehi, a Tehran-based geopolitical analyst, told Al Jazeera.

Bessent also said on Monday that the new sanctions expose Tehran’s trade partners to secondary penalties. According to a Treasury Department release on Monday, the targets include ships based in or associated with countries including Singapore, China, and Hong Kong.

“Today’s sanctions are mostly incremental, but are part of trying to intimidate remaining trading partners into cutting ties [with Iran],” said Rachel Ziemba, an adjunct senior fellow at the Center for a New American Security think tank.

“There’s a lot of signalling and bluster aimed at getting other countries to crack down on entities involved in grey-zone trade, but new measures are mostly incremental for now,” she said. Grey-zone trade refers to both illegal, underground trade and trade that is unsanctioned but difficult.

The Treasury Department said Iran has used cryptocurrency to circumvent its longtime sanctions and facilitate transactions involving the Islamic Revolutionary Guard Corps (IRGC) and members of the Iranian regime. The department also said Iran has used gold to help prop up the value of its currency amid economic instability.

The new shipping sanctions target Iran’s state-linked shipping fleet, which the Treasury Department alleges is being used to transport oil as well as “sensitive weapons components”.

The technology sanctions are intended to restrict Iran’s acquisition of materials that could be used in its weapons programmes. The aviation sanctions target Iranian airlines that the Treasury Department alleges are being used to transport weapons and military personnel, as well as financial resources to Iran’s proxies.

Washington also indefinitely suspended several broad exceptions to its ongoing sanctions on Iran, including those covering academic exchanges, personal money transfers and certain sporting activities. Organisations currently engaged in those activities have until September 8 to wind down their operations.

Ziemba says these measures “will have more effect on Iranians, not just the regime”.

What sanctions were already in place?

Washington’s sanctions on Iran have been in place since 1979, after students took hostages at the US Embassy in Tehran, and increased over the next 45 years. Sanctions were briefly paused, however, after the administration of President Barack Obama and world powers signed a nuclear deal with Tehran in 2015. But the Trump administration withdrew from the deal during its first term, in 2018, bringing back old penalties while adding new ones.

Washington imposed new sanctions during Trump’s second term, many of them before the US and Israel first struck the country on February 28.

In February 2025, the Treasury Department sanctioned 30 individuals and vessels involved in the “brokering [of] the sale and transportation of Iranian petroleum-related products”, according to a department release. The targets were based in several countries, including India and China.

In December 2025, Washington sanctioned 29 vessels it accused of being part of a so-called shadow fleet used to transport Iranian petroleum. It also sanctioned Egyptian businessman Hatem Elsaid Farid Ibrahim Sakr over his businesses’ alleged ties to seven of those 29 vessels. The measures continued the 1979 sanctions campaign against Iran’s oil industry.

The Treasury Department stepped up the sanctions again in April 2026, targeting another two dozen individuals, companies and vessels operating within the network of Iranian oil shipping magnate Mohammad Hossein Shamkhani, the son of now-deceased senior Iranian security official Ali Shamkhani.

Later that same month, the Treasury also targeted what it described as “regime-linked cryptocurrency” and said it had seized nearly half a billion dollars from so-called “shadow banking networks”.

How have sanctions affected US consumers?

Pressure on the Iranian oil market, both through existing sanctions as well as the current war, has tightened the rest of the globe’s oil supply and affected countries that buy Iranian oil.

China, for example, is the primary destination for Iranian oil, buying roughly 90 percent of Iran’s crude oil exports. Beijing bought 1.4 million barrels per day in 2025.

At the same time, Asian markets, China included, also heavily rely on oil travelling through the strategically vital Strait of Hormuz, where roughly one-fifth of the globe’s oil transited before Iran choked off the route.

This has put pressure on the global oil supply, meaning the benchmark for crude oil has ticked up, translating to higher prices on fuel and food.

For US consumers, that has been most apparent at the petrol pump. The average price for a gallon of petrol (3.78 litres) is $4.09, up from $2.98 on February 28 when the US and Israel first struck Iran, according to the American Automobile Association (AAA), which tracks daily petrol prices.

Experts warn that if Iran retaliation accelerates, it could hit Americans hard.

“If sanctions provoke Iranian retaliation against Gulf shipping, materially reduce oil exports, or cause insurers and shipping companies to avoid the region, then Americans could feel it very quickly through gasoline, diesel, airfares, freight costs and ultimately inflation,” John Deal, managing director of capital markets at Post Oak Group investment bank, told Al Jazeera.

The economy and Iran are emerging as key issues heading into the US midterm elections, with voters expressing dissatisfaction on both fronts. That could put pressure on Republicans in competitive races, including in traditionally red states such as Texas.

A late-July Reuters/Ipsos poll suggested that only about a third of Americans supported the war, while just 28 percent of respondents in a CNN poll approved of Trump’s handling of Iran.

On the economy, an AP/NORC poll suggested that 32 percent of Americans approved of Trump’s performance. A recent Reuters/Ipsos poll, meanwhile, suggested that Democrats were narrowly ahead of Republicans on which party voters trust more to handle the economy—the first Democratic advantage in roughly a decade.

How are the sanctions affecting markets?

The latest sanctions announcement is weighing on Wall Street as well as the oil and gold markets.

On the heels of the announcement, the price of gold, largely considered a safe investment during times of economic uncertainty, jumped by 0.8 percent to $4,639.49 per ounce (28 grams) in midday trading, ticking up to its highest level since mid-May.

As for oil, prices pulled back on Monday after two weeks of gains. The price of the global benchmark Brent crude tumbled by more than 2 percent on Monday to $85.22 a barrel.

On Wall Street, the major indices are mixed amid the latest sanctions news as well as Trump’s announcement of new tariffs on Canada. The Nasdaq is down 0.5 percent, and the S&P 500 is down 0.2 percent. The Dow Jones Industrial Average, however, is trending in positive territory, 0.2 percent higher than the market open on Monday.

The oil sector is taking a hit. Chevron is down 0.8 percent, ExxonMobil tumbled 0.9 percent, BP fell more than 2 percent, and Shell is down 0.2 percent.

United States House Democratic Minority Leader Hakeem Jeffries has met privately with Jared Kushner, US President Trump’s son-in-law and a top outside adviser, in a signal that the White House is seeking ways to work with Democrats if they wrestle majority control from Republicans in the midterm elections.

Little is known about the details of the discussion, which was first reported on Sunday by the New York Times. The newspaper described it as a high-profile meeting with the hope of sparking bipartisan “common ground.”

The meeting reportedly touched on issues ranging from housing and immigration to the cost-of-living crisis. Americans are struggling under inflationary prices that Democrats fault Republicans and Trump for failing to curb.

In a statement reported on Sunday, Jeffries did not mention the private conversation but said the Republican administration needed to drop the GOP’s “my-way-or-the-highway” approach that has thus far “failed the American people”.

“To stop the madness, we have repeatedly made clear that an extremist approach will not work and will be met with forceful opposition”, the New York congressman said. “The question is whether Republicans will join us.”

Kushner also suggested that Jeffries meet with White House Chief of Staff Susie Wiles as a follow-up.

The reported meeting comes in the final stretch of the contentious November midterm elections in which Democrats may have a chance to win back the House majority, a highly anticipated development that would elevate Jeffries to the powerful Speaker of the House role. If they win back the seat, Democrats are expected to use their oversight power to aggressively probe the Trump administration, including allegations of self-enrichment by the president and his family.

Jeffries’ office did not respond to Al Jazeera’s request for comment.

Congressional Republicans are unhappy about the matter. On Sunday, current House Speaker Mike Johnson dismissed the meeting and denigrated Kushner’s importance, telling Fox News, “I don’t know what that’s about. I know Jared has interest in lots of other things going on.”

Johnson added that Kushner “hedges bets” and is “not really directly involved in the admin, at least in the day-to-day in the White House”.

“I’m telling you what, you better not bet against the House Republicans”, the Louisiana Congressman added, saying that even if the war with Iran was not finished by November, Republicans will still turn up victorious.

The meeting also raised some eyebrows for those who worried that Jeffries was indulging one of Trump’s most corrupt cronies.

Tommy Vietor, previously an aide to former US President Barack Obama and now a co-host of the left-leaning podcast Pod Save America, noted, “Jared Kushner has no actual government job he just uses his family connections to get money from gulf autocrats and fund corrupt deals. The only way [Jeffries] should work with him is with demands for documents and subpoenas.”

Mehdi Hasan, the CEO of Zeteo, echoed Vietor, writing on social media, “The only meeting Hakeem Jeffries should be having with Jared Kushner is to tell him he’ll be subpoenaed by the House for a corruption investigation on day one of Democratic control of the House.” He added, “This is just pathetic stuff from the House Dem leader.”

William Kristol, a former neocon-turned-leading voice in the ‘Never Trump’ movement, posted, “Really? Or, as the kids say, AYFKM?” (The acronym stands for “Are you f****** kidding me?”)

During his time in Congress, Jeffries has remained a fierce critic of Trump’s bellicose foreign policy, repeatedly condemning the administration’s “reckless war of choice” against Iran and for what he called “a failure to adequately prepare for the consequences of launching a war on Iran”.

The meeting shows the depth of Republican Party angst over losing their congressional majority, particularly the House, and the need to make inroads with the opposing party as the White House seeks to stem any potential political fallout on the president.

“The American people want bold change and that’s what House Democrats will deliver”, wrote Jeffries in the statement on Sunday.

The White House did not immediately respond to Al Jazeera’s request for comment.

Jared Kushner is a familiar messenger between Donald Trump and Democratic politicians

Jeffries and Kushner are not strangers.

The two New Yorkers united during the first Trump administration on landmark legislation to allow sentencing flexibility for certain drug offenses as a way to curtail lengthy terms in the federal prison system.

While not necessarily close, they have maintained a professional working relationship despite the repeated punches Trump has inflicted against Jeffries and the Democratic leader’s rhetoric. In Trump’s second term, Kushner has wielded disproportionate influence within the administration despite holding no official White House title. He serves as a top outside adviser and Special Envoy for Peace, shuttling to foreign diplomatic missions as the US war against Iran inches toward its sixth-month mark.

Just last week, Kushner traveled to the Middle East to convene with Qatari, Turkish and Egyptian mediators before heading to Tel Aviv where he met with Israeli Prime Minister Benjamin Netanyahu over the fate of the 15-point Gaza peace plan that Israel had rejected. The trip came after officials from Trump’s newly-created Board of Peace confirmed that Kushner would lead a delegation to break the diplomatic deadlock, via Egypt and Israel.

Trump has only met with Jeffries once since returning to the Oval Office. After the meeting, the president posted AI-generated deepfake content of Senate Democratic leader Chuck Schumer alongside Jeffries wearing a sombrero with a handlebar mustache. The image was widely viewed as a racist trope and a parody of the Democratic establishment just before what would become the longest federal government shutdown in US history.

Trump has thus far been able to discount Congress as he either relies on the unchecked force of executive power to implement his priorities or the lobbying of Republicans in the House and Senate, when needed, to fall in line behind his unilateral decisions.

That may soon change if Democrats control either the House or the Senate, or both, with lawmakers increasingly keen on flexing their own power in Congress as a coequal branch of government more willing to hold the White House in check.

Washington also rescinded designation of HTS, formerly led by Syrian President Ahmed al-Sharaa, as a ‘terrorist’ organisation.

The United States has removed Syria from its list of “State Sponsors of Terrorism,” the US Treasury has announced.

A statement issued on Monday confirmed the revocation of a decades-old designation placed on the country during the rule of the ousted Assad regime.

The announcement confirms a decision initially revealed last month. It also revoked the designation of al-Nusrah Front – the group formerly led by the now-President Ahmed al-Sharaa, also known as Hayat Tahrir al-Sham (HTS) – as a global “terrorist” organisation.

The move, first announced earlier this year pending a review by Congress, removes a critical impediment to investment in Syria, as the country seeks to reestablish itself in the international community and markets.

It represents a further vote of confidence in al-Sharaa, who has launched what many experts have described as a charm offensive aimed at Western powers, including meetings with President Donald Trump and French President Emmanuel Macron.

“Today’s action will help foster additional investment in Syria to promote political and economic stability,” Treasury Secretary Scott Bessent said in a statement, adding that it is “in line with President Trump’s promise to deliver sanctions relief to Syria”.

Having lifted sanctions on Syria in June 2025, alongside the European Union, the US announced in July its decision to delist Syria from its “terror” list, citing efforts by al-Sharaa to unify the country.

HTS was once al-Qaeda’s official branch in Syria and was led by al-Sharaa. Under his leadership, the group removed former President Bashar al-Assad in December 2024 following a lightning offensive.

The ⁠designation of the state carried restrictions on US foreign ⁠assistance, defence exports, and ⁠financial transactions, so Syria’s removal from the list is already being celebrated in the country, particularly by financial officials.

The governor of Syria’s central bank, Safwat Raslan, said on X that this is “a historic step that restores the country to its natural place in the global economic system”. He added that the bank is “working to build a modern and reliable financial system”.

Syrian Finance Minister Mohammed Barnieh described Washington’s move as “a major and historic success for Syrian diplomacy”, according to the country’s official news agency SANA.

It “opens a major and long-awaited door to strengthening Syria’s integration into the global economic and financial system, attracting investment and modern technologies, and supporting development opportunities”, he said.

US envoy to Syria Tom Barrack, meanwhile, called the end of the designation a “decisive step in Syria’s remarkable journey from isolation to partnership, and from a source of terrorism to a committed partner in the global fight against it”.

Aug. 24 (UPI) — Chinese fast-fashion giant Shein announced plans Monday to raise $1.77 billion in its long-awaited IPO on the Hong Kong Stock Exchange.

In a filing to the SEHK, Shein said it will offer nearly 280 million shares with a price range of $6.07 and $6.32 in its Sept. 1 debut, valuing the company at a little under $27 billion. The final price will be fixed on Aug. 31.

The valuation is sharply down from the $100 billion it was valued at in 2020, due to higher costs and a slowdown in the growth of sales, and follows effort to float on the New York, NASDAQ and London stock exchanges in 2023 and 2024 that were abandoned amid roadblocks erected by regulators and lawmakers on both sides of the Atlantic.

Analysts said the firm had been hit hard by U.S. President Donald Trump‘s summer 2025 scrapping of the so-called de minimis import tariff exemption on low value packages on which its business model depended, with Shein reporting a $99 million loss in Q1, down from a $395 million profit in the same period in 2025.

The European Union imposed its own flat $3.50 import tax on low value packages coming into its single market, effective July 1, with Britain, another big market for the Chinese online retailers, also expected to implement similar measures to the United States and EU in 2028.

With the Hong Kong stock market’s attention focused on a string of highly sought after AI and chipmaker IPOs, investor enthusiasm for Shein has dwindled along with much of its appeal with consumers under the age of 35 amid the challenge from competition from firms like Temu.

The firm has also had reputational issues with scrutiny over multiple issues from environmental pollution to working conditions in its supply chain, including the possible use of forced labor in its supply chain.

In February, the EU launched an investigation alleging the design of Shein’s app was addictive, a lack of transparency of recommender systems, as well as the sale of illegal products, including “child sexual abuse material.”

Published on
24/08/2026 – 11:00 GMT+2

The US is ramping up its economic pressure on Iran after Treasury Secretary Scott Bessent declared the start of an “economic D-Day”.

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According to Bessent, this represents “the single greatest financial offensive ever marshalled against an adversary.” He set out the position in a post on X late on Sunday and in a Financial Times opinion article published the same day.

Bessent stated that US President Donald Trump’s military campaign had “significantly dismantled Iran’s military capabilities and weakened its nuclear programme”. He added that the administration is now “entering the endgame” and that the economic measures begin at dawn.

The objective, according to the US Treasury Secretary, is to “sever every economic lifeline that sustains the tyrannical regime until Tehran stands alone”.

Bessent cautioned countries that continue to buy or transport Iranian petroleum, facilitate financial flows through exchange houses and free trade zones, handle flights, maintain ship registries or enable seaborne fuel transfers, that any remaining links would accelerate their own isolation.

The comments follow remarks by US President Donald Trump last week. At the time, Trump announced in a Truth Social post “the most crushing economic operation ever taken agaisnt any country!”

Despite both declarations, specific measures have not yet been set out.

According to Bessent’s outline, the package could centre on secondary sanctions against nations and entities that keep purchasing Iranian oil, process its finances, operate related banks or support shipping and other commercial channels, layered on top of the existing naval blockade.

Bessent is scheduled to hold a press conference at 7 PM CET on Monday to announce the concrete steps.

Market reaction

Oil prices are lower on Monday morning even as the rhetoric intensifies.

At the time of writing, Brent crude, the international standard, is trading at around $91.5 which is 2% lower than Friday’s close while West Texas Intermediate stands at roughly $86.2, about 1.5% lower than last week’s close.

The fall may stem from profit-taking after recent gains and from reports of a temporary rise in tanker movements through the Strait of Hormuz.

According to shipping information cited by Axios, around 40 tankers transited the southern channel on Friday night, moving roughly 16 million barrels of oil, higher than the 15-20 vessels recorded on preceding nights.

Overall volumes through the waterway remain well below pre-conflict levels.

On the other hand, US futures are also in the red ahead of market open while European stocks are trading flat.

Aug. 23 (UPI) — Ukrainian President Volodymyr Zelensky on Saturday rejected calls for wartime elections, saying the move would “destroy the country.”

Under martial law, elections have been suspended since Russia invaded the country in 2022.

Last week, ousted Defense Minister Mykhailo Fedorov called on the president, whose five-year term ended in 2024, to allow Ukrainians to vote again.

Responding to Fedorov for the first time, Zelenky said such a move would split the country.

“I believe that if we want to destroy the country, then during such a war we can move in the selection of elections,” Zelensky told reporters on Saturday.

“I believe that during such a war, elections in general are big risks,” the president added. “Elections right now are a tsunami for the state that will split Ukraine.”

Zelensky said he would consider fresh elections under “specific conditions,” the Guardian reported.

Those conditions include the “participation of the military, in frontline territories, abroad, where millions of our citizens have gone, fleeing the war,” the president said.

Fedorov’s removal as defense minister in July sparked protests across Ukraine. On Tuesday, he said democracy was not a “peacetime luxury.”

“Democracy cannot be held hostage by Russia,” Fedorov said. “We are fighting precisely because we want to remain a free European state.

“Therefore, we must find a legal, safe, and realistic mechanism that will allow Ukraine to restore a full democratic process even amidst a prolonged war.”

Responding to Zelensky’s comments on Sunday, Fedorov told the BBC, “Democracy should not be the hostage of Putin.”

Zelensky last discussed open elections in December, after U.S. President Donald Trump accused him of using the war as an excuse to stay in power.

Back then, the Ukrainian president said he would hold elections so long as he could secure help from the United States and other allies to keep citizens safe when they go out to vote.

After nearly six months of war on Iran, the US appears to be taking a different approach.

President Donald Trump says Washington will carry out a “crushing economic operation”.

Attempts to reach an agreement to end the war have stalled.

Now, the US is calling on other countries to join what it calls the greatest coordinated economic isolation in history.

For its part, Iran says that any countries joining the US campaign will be treated as enemies.

What does this mean for the conflict?

Presenter: James Bays

Guests:

Jamal Abdi – president of the National Iranian American Council

Hassan Ahmadian – professor at the University of Tehran and deputy director at the Center for Middle East Scientific and Strategic Studies

Mark Pfeifle – former White House deputy national security adviser and president of Off the Record Strategies

Aug. 23 (UPI) — House Democratic Leader Hakeem Jeffries, D-N.Y., met privately with U.S. President Donald Trump‘s son-in-law and informal adviser Jared Kushner in recent weeks to discuss possible common ground, according to media reports Sunday.

According to the report, the meeting occurred in New York City and covered a wide range of issues.

Jeffries is widely seen to be the next House speaker if Democrats win the majority of the chamber in the November election.

“Throughout this Congress, Republicans have adopted a my-way-or-the-highway approach to governing that has failed the American people. To stop the madness, we have repeatedly made clear that an extremist approach will not work and will be met with forceful opposition. The American people want bold change and that’s what House Democrats will deliver,” Jeffries said in a statement to news agencies.

Kushner reportedly encouraged Jeffries to meet with Susie Wiles, Trump’s chief of staff.

Kushner has served a foreign envoy for Trump, notably on Ukraine, Gaza, and Iran.

House Speaker Mike Johnson, R-La., said Sunday he was unaware of the meeting. “I don’t know what that’s about,” Johnson said on Fox News‘s “The Sunday Briefing.” “I know Jared has interest in a lot of other things going on.”

“He’s not really directly involved in the admin, at least in the day-to-day in the White House,” he added.

Aug. 23 (UPI) — U.S. President Donald Trump on Sunday accused Canada of wanting the “benefits of being a state, without being one” as trade tensions between the U.S. and its northern neighbor escalate.

“Canada wants the benefits of being a State, without being one!!!,” Trump posted on social media overnight. “They have also charged our great farmers, for many years, massive amounts of Tariffs. No more!!!”

Trump’s remarks came after Canadian Prime Minister Mark Carney said Ottawa next month would impose retaliatory tariffs on the U.S. after the Trump administration’s 50% tariffs on Canada took effect.

Carney told a press conference that his government would “match Washington’s new tariffs dollar for dollar in order to protect Canadian workers, farmers, families and businesses.”

He said further details on the retaliatory tariffs would be released in the “coming days,” with the levies targeting steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.

Carney said Ottawa is “reluctantly” taking this step.

Trump has previously discussed making Canada the 51st state, which Canadian leaders have rejected.

United States President Donald Trump’s unpredictability isn’t strengthening the US position in the Iran war, as “the Iranians have no reason to believe anything Trump tells them”, argues Stephen Walt, professor of international relations at Harvard University.

Walt tells host Steve Clemons that the war is now in a “hurting stalemate” where “neither side really wants to escalate; they’re just waiting for the other side to crack”.

On the Palestinian-Israeli front, Walt doesn’t see an opening for a genuine political solution, as neither US party is willing to exert pressure on Israel, where “there’s still a very strong commitment to ‘Greater Israel’”.

The high desert is not typically a place you look for a wave. But in the vast expanse between the Sierra Nevada and Utah border, a not-exactly-wide-open race for Congress is testing whether a blue wave, should one come November, is ankle-high or something more akin to a political tsunami.

Nevada’s 2nd District has been represented by just four lawmakers since its creation more than 40 years ago. All those representatives have been Republicans.

November’s contest should be another shoo-in for the GOP and its nominee, David Flippo. The district, which takes in northern Nevada, is overwhelmingly white and rural, which makes it solidly conservative. In 2024, Donald Trump beat Kamala Harris by a decisive 56% to 42%; only Washoe County, home to Reno, kept things that close. Trump won other portions of the district by 50 percentage points or more.

But inflation, Trump’s sagging approval rating and other factors — northern resentment toward southern Nevada, where Flippo lived until fairly recently, the refusal of the incumbent to support his party’s nominee — offer Democrats the not-entirely-far-fetched hope of a major upset.

“It will be an interesting summer and fall,” Mark Amodei, who has represented the district for 15 years, wrote on social media after the June primary. “But I believe it’s fair to say that CD-2, for the first time in its history, isn’t a Republican guarantee.”

That’s just about the kindest thing the congressman has had to say about his would-be successor.

All of which make the sprawling district in Nevada’s rough and rocky Great Basin an improbable political bellwether. A win on such forbidding terrain would almost certainly mean a nationwide Democratic gain of 30 or more seats in November; they need to flip just three to take control of the House.

Flippo, 63, a 25-year Air Force veteran and Trump stalwart, arrived in the district from Las Vegas. He ran for Congress there in 2024, losing in the Republican primary. He was preparing for a second try in the Democratic-leaning 4th District when Amodei unexpectedly announced his retirement in February. So Flippo hightailed it north to run in the far more hospitable 2nd District.

He took on the favored candidate of Amodei and others in the GOP establishment, James Settelmeyer, a former minority leader of the state Senate. Backed by a constellation of MAGA celebrities, Flippo waged a fiercely negative campaign, accusing “Tampon Jim” of voting to put menstrual products in boys’ bathrooms and coddling undocumented immigrants, among other distortions. With Trump’s endorsement, Flippo handily defeated Settelmeyer and 11 other primary opponents.

“”Absolutely scurrilous campaign against … one of the nicest guys around,” Amodei said afterward, on the program “Nevada Newsmakers.” “The voters are never wrong. But guess what? Mark Amodei’s not endorsing [Flippo.] I wish him all the best. No way. No, thank you.”

Apart from his exceedingly short-term residency in the district, questions have also been raised about Flippo’s opaque finances. He has lent his campaign more than $1.6 million and failed to provide the personal disclosure information required of federal candidates. There is also no record of Flippo filing the required statement during his 2024 campaign, according to the Washington news outlet NOTUS.

In addition, it reported that Flippo was fired from a job in the financial services industry after his company accused him of violating policies and regulations.

So, a carpetbagger with a sketchy history.

Flippo’s main opponent is Teresa Benitez-Thompson, 48, a longtime Reno resident, former member of the state Assembly and a relatively moderate Democrat. Those credentials also buoy Democratic hopes. The party’s congressional campaign committee has, for the first time in decades, added Nevada’s 2nd District to its target list, though it remains to be seen how much time and money national Democrats commit to the race.

To prevail, Benitez-Thompson would have to defy political gravity, which is to say overcome the reflexive partisanship that has typified politics in this age of deep voter polarization.

In the last two midterm elections, according to the Pew Research Center, more than 90% of Republican and Republican-leaning voters supported GOP candidates for the House. In other words, the kind of crossover voters that Benitez-Thompson needs to win have become rare indeed.

““Trump is a huge liability for Republicans; there is no question that the GOP is going to have huge turnout problems, meaning that in a lot of races, Democrats are going to greatly exceed expectations,” the veteran election handicapper Charlie Cook wrote in a recent midterm analysis. “But converting Republican voters to actually back a Democrat — even for a day — is so much harder now.”

Jon Ralston, one of Nevada’s leading political savants, agreed.

“Some of those rural Nevada voters would rather commit hara-kiri than vote for a Democrat,” Ralston said. (No, Japan’s ancient suicide ritual is not particularly associated with honor or custom in the cow counties, as Nevada’s lightly populated stretches are known. But you get the point.)

“I don’t think it’s impossible,” Ralston, founder and chief executive of the Nevada Independent news site, said of a Democratic upset. “But I remain skeptical.”

Here’s the thing, though, about wave elections — and, to be clear, your friendly political columnist is offering no predictions ahead of November. Like a massive ocean swell, which can bear all kinds of flotsam and jetsam ashore, a political wave that is big enough, broad enough and strong enough can carry all manner of unlikely candidates to victory.

Even in the bone-dry desert.

Aug. 22 (UPI) — The United States Postal Service has prepared a final rule changing how mail voting is administered under an executive order issued by President Donald Trump despite a pair of court injunctions against it, documents show.

An unpublished version of the rule was entered into the Federal Register late on Friday, indicating the USPS intends to press ahead with implementation of a measure the administration says is necessary to prevent fraud in mail-in voting — a popular method of casting ballots that Trump has called “inherently corrupt.”

But critics contend actual fraud in mail-in voting is exceedingly rare and have denounced the measure as one of the most serious attempts by the administration to federalize control of elections in violation of the U.S. Constitution, which reserves such power for the states.

A federal judge 10 days ago expanded an earlier injunction against Trump’s executive order, under which the USPS would be required to decide who will get mail-in ballots.

The injunction blocked it from implementing Section 3 of the order for this year’s midterm elections, which most polls shows will likely favor Democratic congressional candidates.

Despite the court rulings, USPS promulgated the final rule with Friday’s filing, thus making it available to be officially published in the Federal Register on Wednesday. After that it would theoretically take effect immediately, even though it will be blocked for this year’s midterm elections unless a court decides otherwise.

The current filing is an amended version of the initial proposal which received more than 200,000 comments during its review phase.

Trump signed the order on March 31 directing the Department of Homeland Security to build a list of citizens from federal data, which would then be sent to state election officials.

The USPS would then only send absentee or mail-in ballots to people it has determined are eligible to vote, and the U.S. Attorney General would investigate and prosecute election officials who issue federal ballots to those ineligible to vote.

Twenty-three mostly Democratic-led states sued to block the order and U.S. District Judge Indira Talwani agreed with the plaintiffs.

The administration appealed the decision and failed. It appealed again on July 27 to the Supreme Court, which has yet to make a ruling.

“Yesterday’s new mail-in voting rule is an attempt to weaponize USPS as part of the Trump administration’s efforts to take over elections,” Michael McNulty of the bipartisan political reform group Issue One said in a statement issued Saturday.

“If it holds up in court, it would mean postal workers shift from neutral transporters of a state-led process to a federal gatekeeper of states’ outbound mail ballots — requiring states to provide USPS with voter-level ballot information and giving USPS authority to reject ballots that do not meet the new federal requirements.”

He dismissed Trump’s oft-stated concerns about voter fraud as “tired, debunked conspiracy theories to justify gaining control over secure, verified, and effective methods of voting, including mail-in voting, to tilt the playing field” in favor of Republican candidates.

Iran security chief Rezaei says any state joining US would be considered an enemy and Tehran would target their interests in retaliation.

The warning comes as US President Donald Trump threatens to isolate Iran economically, to weaken its government.

Iran has threatened to treat nearby countries as enemies and target their interests if they join a United States campaign to cripple its economy.

Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, issued the warning in a Saturday interview with state broadcaster IRIB.

“We’re telling all nearby countries not to join the US economic war. Otherwise, we will consider them as enemies,” Rezaei told IRIB.

His remarks come on the heels of escalating economic threats from the administration of US President Donald Trump.

On Wednesday, Trump announced his government would undertake the “most crushing economic operation” yet against Iran, as part of ongoing hostilities between the two countries.

The US and Israel have been locked in a war with Iran since February 28, when the two allies launched an initial volley of attacks against Tehran.

In addition to threatening Iran’s economy this week, Trump pledged “tremendous economic consequences” for any country that gives Iran “any type of lifeline”.

His Treasury secretary, Scott Bessent, echoed his threats the following day, saying, “You’re either with us or against us.”

In Saturday’s interview, Rezaei described Iran’s regional strategy as a three-stage sequence, which would start with efforts to de-escalate tensions with neighbouring countries.

“First we negotiate. Then, we try to separate them from America with pleasant language, because we are not really looking to expand the war,” he said.

Any countries that continue to side with the US would then be given time to reconsider, he said. “But in the third stage, we will definitely act.”

While the US has not stopped its military operations against Iran, Rezaei suggested that the Trump administration was betting that economic pressure would fracture Iranian society, forcing the war to come to an end.

“They hope that, if possible, they can break our unity with economic pressure and a group of protesters will take to the streets, and in a way, they will come to the aid of American F-35s,” he said, referring to a kind of military aircraft.

Negotiations to end the conflict have stalled in recent months, following the failure of a June 17 memorandum of understanding (MoU) that called for an “immediate and permanent termination of military operations”.

Control over the Strait of Hormuz, a major shipping lane off the coast of Iran, has become an enduring sticking point between the US and Iran.

Iran quickly moved to shut down traffic through the strait early in the war, sending the price of goods like oil and fertiliser skyrocketing.

Countries in the Middle East that were previously reliant on the strait for exports have started to pursue substitute trade routes.

But Rezaei warned that Iran would target those alternative oil-shipping routes out of the Gulf if regional states took part in the US’s plans of economic warfare.

Iran’s Ministry of Foreign Affairs on Saturday also decried the incoming US measures as an assertion of “extraterritorial sovereignty” over United Nations member states.

Tehran has also reportedly considered widening its target list beyond the Middle East, with media outlets reporting it could strike US allies in Europe who have supported Trump’s operations.

Aug. 22 (UPI) — President Donald Trump on Friday said he now considers the Strait of Hormuz to be “an American territory.”

“We don’t even know if we won, because I view the Strait of Hormuz as an American territory right now,” he told a crowd of supporters during a campaign event in South Carolina.

Trump first floated the idea of claiming the waterway last week, saying he would wait until the conclusion of the war in Iran to declare the strait a territory of the United States.

Then on Tuesday he posted an image on Truth Social showing the strait with the label “New U.S. Territory.”

He took his threats further on Friday during a campaign rally for Sen. Darline Graham, R-S.C., as she attempts to fill her late brother Lindsey Graham‘s Senate seat.

“It’s an American territory,” he said.

Iran’s deputy foreign minister, Kazem Gharibabadi, had previously called the president’s remarks “fanciful delusions.”

“The Strait of Hormuz has been Iranian, is Iranian, and will remain Iranian,” he said.

Trump this week said he would launch “economic warfare” against Iran as efforts to end the war continue to fail.

On Saturday, Iran’s foreign minister, Abbas Araghchi, said the economic operation was “bound to fail.”

“We have seen this movie before,” Araghchi wrote in a statement on X. “Same bull. Different bullies.”

As part of his economic warfare threat, Trump said institutions or governments providing any support to Iran would face “tremendous” consequences.

Esmaeil Baqaei, a spokesman for Iran’s Ministry of Foreign Affairs, said Trump’s move “is an assertion of extraterritorial sovereignty over every independent member state of the United Nations.”

“The end result would be the complete erosion of sovereignty as the foundational basis of the UN-based inter-State system, and a recipe for an abysmal return to full-scale classic colonialism,” he added in a statement on X.