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In the shadow of a grinding six-month conflict, the United States has opened a new front against Iran—not with bombs, but with the full weight of the dollar system. . .
As the nearly six-month war between the United States, Israel, and Iran grinds on without a clear off-ramp, President Donald Trump has shifted tactics. . .
The fragile 60-day window created by the June 17 Islamabad Memorandum of Understanding between the United States and Iran closed on August 17, 2026, with no longer-term agreement in sight and both sides hardening their positions. . .
U.S. President Donald Trump declared on August 12 that America holds “total control” over the Strait of Hormuz and intends to keep it, describing the naval blockade as a “wall of steel” that leaves Iran powerless. . .