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Iran says Strait of Hormuz will stay closed unless US accepts terms

Aug 26, 2026, 12:46 GMT+1Updated: 15:52 GMT+1

Iran will not reopen the Strait of Hormuz unless the United States accepts Tehran's conditions and returns to an agreement reached with Oman, an Islamic Revolutionary Guard Corps (IRGC) spokesperson said on Wednesday.

The spokesperson said Iran and Oman had held talks over the past month and reached understandings on their respective shares of the strait's waters and revenues.

"If the United States stops obstructing and returns to the memorandum, we can reopen the Strait of Hormuz within the framework of the agreement," the spokesperson said. "If the United States does not accept our conditions, the Strait of Hormuz will not be opened under any circumstances."

He said Iran controlled passage through the waterway and that no hostile military vessels were inside the Persian Gulf, adding that opposing warships were at least 400 km (250 miles) from the strait.

The spokesperson also said waters near Oman were under Iranian control.

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Iran plotted to assassinate Netanyahu’s son in Florida – Newsmax

Aug 26, 2026, 11:24 GMT+1
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Iran allegedly plotted to assassinate Israeli Prime Minister Benjamin Netanyahu’s eldest son, Yair, while he was living in South Florida, Newsmax reported on Wednesday, citing a US law enforcement source familiar with the matter.

Iran allegedly plotted to assassinate Israeli Prime Minister Benjamin Netanyahu’s eldest son, Yair, while he was living in South Florida, Newsmax reported on Wednesday, citing a US law enforcement source familiar with the matter.

Israeli intelligence learned of the alleged plot in December and alerted US authorities, according to the source. Iranian operatives were believed to be in the Miami area and to have conducted surveillance of Yair Netanyahu’s home and movements.

The 35-year-old, who lived in Hallandale Beach and was accompanied by an Israeli security detail, was reportedly instructed to leave immediately. He departed without collecting his belongings and returned to Israel, where he now lives.

Israel’s Channel 12 reported that some news organizations had known about the alleged plot for months but were prevented from publishing details by Israeli military censorship.

Benjamin Netanyahu first disclosed the alleged assassination attempt during an interview with Israel’s Channel 14 on Monday but did not identify which of his two sons had been targeted.

“There is something here that is unbelievable. Iran targeted one of my sons. Iran tried to murder him, tried to murder one of my sons,” Netanyahu said while defending government-funded security for his family.

In July, Israel extended Shin Bet protection for Netanyahu’s wife, Sara, and his sons, Yair and Avner. The two sons are expected to retain protection for five years after Netanyahu leaves office, Newsmax reported.

The alleged plot emerged amid longstanding US accusations that Iran has pursued assassination operations abroad in retaliation for the US killing of Quds Force commander Qassem Soleimani in January 2020.

US prosecutors charged an alleged Iranian asset, Farhad Shakeri, in 2024 over what they described as an IRGC-directed plan to assassinate Donald Trump.

In 2022, the Justice Department charged IRGC member Shahram Poursafi with offering $300,000 to arrange the killing of former US national security adviser John Bolton.

Iranian state television also recently broadcast a video threatening Trump’s son Barron and claiming that his movements and security arrangements had been monitored.

The US Secret Service said it was aware of the broadcast and investigated threats against those under its protection.

Family of detained British couple in Iran urges UK action after embassy return

Aug 26, 2026, 09:49 GMT+1
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The family of a British couple detained in Iran called on the UK government on Wednesday to arrange an urgent consular visit and medical checks, saying British diplomats had yet to see them since the embassy returned to the country last week.

Lindsay and Craig Foreman ended prolonged hunger strikes but have lost significant weight and are trying to regain their strength, the family said in a statement.

"The Embassy is back in Iran. So where is the action? Where is the urgency?" said Joe Bennett, Lindsay Foreman's son and the family's spokesperson.

First call in three months

Bennett said he had spoken properly with his mother for the first time in three months in a 12-minute call, their first official conversation since the couple ended their hunger strikes.

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"After three months, just hearing Mum's voice properly again was an enormous relief," Bennett said. "They have both lost a lot of weight and they know that rebuilding their health isn't going to happen overnight."

He said his mother had described some of the lowest points of the hunger strikes but sounded mentally strong and remained convinced that the detention was temporary.

The family said the couple had not received proper medical examinations after the hunger strikes and called on British officials to visit them in person.

"They have been seen by the Embassy only once this year. After everything they have been through, that is not good enough," Bennett said.

Family seeks meeting with foreign secretary

The family also called for a meeting with British Foreign Secretary Ed Miliband and urged the government to use diplomatic and legal channels to secure the couple's release.

"We have had a phone call. That matters enormously to us. But a phone call is not enough," Bennett said.

  • British couple sentenced to 10 years in Iran for espionage, family says

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The Foremans, both in their 50s, were arrested in January last year while traveling through Iran by motorcycle on a journey from Europe to Australia. They deny espionage charges for which they were each sentenced to 10 years in prison in February.

Craig Foreman was given an additional two-year sentence in July after Iranian authorities accused him of speaking to the media from prison, according to his family.

UN special rapporteurs have called for the couple's release, saying their detention and trial raised concerns over basic fair-trial guarantees. Britain has said it is working to secure their release and that their welfare remains a priority.

Iran keeps finding gas. Getting it out is the problem

Aug 25, 2026, 04:04 GMT+1
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Umud Shokri
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File Photo: An offshore rig on Iran's South Pars gas field in the Persian Gulf

Iran has announced another major gas discovery, but with the world’s second-largest reserves already beneath its soil, Tehran’s problem is not finding gas but finding the money and technology to extract it.

Oil Minister Mohsen Paknejad said the newly discovered field in southern Fars Province contains more than 7.5 trillion cubic feet (Tcf) of gas in place, of which about 5.7 Tcf could be recoverable.

He compared the recoverable volume with roughly 15 years of production from one phase of South Pars.

The gas is also described as “sweet,” meaning its relatively low sulphur content could reduce processing and operating costs.

Yet the discovery adds to an already enormous resource base. Iran held about 1,200 Tcf of proved natural gas reserves at the end of 2023, second only to Russia, and produced about 9.4 Tcf that year.

Most of that gas is consumed domestically, while exports remain largely confined to regional pipeline trade.

Lack of investment

The headline figure also comes with an important caveat: gas in place is not the same as commercially recoverable reserves. Whether the estimated 5.7 Tcf can ultimately be produced economically will depend on reservoir performance, infrastructure, costs and access to investment.

That last constraint may prove particularly difficult.

Sanctions have restricted Iran’s access to international financing, foreign investment and Western energy companies and equipment suppliers, while Tehran is already confronting the costly task of sustaining production from its existing fields.

The scale of the challenge is visible at South Pars, Iran’s largest gas field. In March 2025, the National Iranian Oil Company signed contracts worth about $17 billion for pressure-boosting facilities needed to counter declining reservoir pressure.

Paknejad has also said Iran would require about $19 billion in annual investment to meet its broader gas-production targets over the following four years.

The new Fars field will therefore be competing for capital with the increasingly expensive task of maintaining production from fields Iran already depends on.

Technology gap

Iranian companies have developed considerable capabilities after years of sanctions forced domestic contractors to take over work previously carried out by international firms. But self-reliance has not eliminated dependence on foreign technology.

The South Pars pressure-boosting program, for example, requires 56 high-capacity turbo-compressors across seven hubs.

S&P Global reported that while most equipment was expected to be sourced domestically, foreign assistance and technology transfer would still be required for parts of the project.

South Pars Phase 11 demonstrated that vulnerability. TotalEnergies withdrew after Washington reimposed sanctions, and China National Petroleum Corporation subsequently left the project, forcing Iran to proceed through domestic companies without the advanced foreign technology originally envisaged.

Iranian firms can therefore develop significant parts of new gas projects, but financing constraints and gaps in specialized technology can increase costs and extend timelines, particularly when the same companies are expected to maintain mature fields, repair infrastructure and expand production simultaneously.

Can China fill the gap?

China is the most obvious candidate to provide some of what Iran lacks, but its role has limits.

Chinese independent refiners remain major buyers of sanctioned Iranian crude. Yet buying discounted oil through sanctions-resistant trading networks involves far less long-term exposure than committing billions of dollars to a multi-year gas development.

CNPC’s withdrawal from South Pars Phase 11 showed that major Chinese companies are also sensitive to sanctions, financing difficulties and access to international technology.

Recent US measures targeting Chinese independent refiners, vessels and financial channels involved in Iranian oil trade have increased those risks.

Smaller Chinese companies may continue supplying equipment and services, but they are unlikely by themselves to replace the financing, technology and project-management capabilities once provided by major international energy companies.

The Fars discovery therefore adds another potentially valuable asset to Iran’s extraordinary resource base. Its sweet gas and condensate content may improve the economics, and Iranian companies are more capable of developing such fields than they were a decade ago.

But Iran’s energy paradox remains: it can keep finding enormous quantities of hydrocarbons faster than it can find the investment and technology needed to turn them into reliable supply and export revenue.

Who speaks for Iran? Rezaei’s threats fuels divide over war and diplomacy

Aug 25, 2026, 02:50 GMT+1
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Maryam Sinaiee
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Former IRGC commanders Mohammad Bagher Ghalibaf (left) and Mohsen Rezaei, currently Parliament Speaker and security chief. Undated file photo

Mohsen Rezaei’s threats to halt Iranian oil exports, target countries cooperating with the United States and comments suggesting a possible nuclear shift have triggered a debate in Tehran over his authority to outline such policies as tensions escalate.

Rezaei, secretary of Iran’s Supreme National Security Council (SNSC) and the Supreme Leader’s representative on the body, said Sunday that Tehran would consider any country participating in or supporting the US economic campaign against Iran to have committed an act of war.

“If the economic war continues, not a single drop of oil will be exported, neither through the Strait of Hormuz nor from anywhere in the Persian Gulf,” he wrote on X.

But the sweeping statements have raised a more fundamental question: Is Rezaei articulating Iran’s security policy, the Supreme Leader’s position or his own?

The question has become particularly significant because Rezaei’s increasingly confrontational rhetoric comes as President Masoud Pezeshkian and Parliament Speaker Mohammad-Bagher Ghalibaf have struck a markedly different tone.

Pezeshkian said Friday it would be better to end the war while Iran remains in a position of “power and dignity,” while Ghalibaf warned that “no matter how much military power we have, we won't survive if people are hungry.”

‘Secretary or president’?

Hardliners have seized on the contrast.

The hardline Hamshahri newspaper praised Rezaei on Monday for offering an alternative to what it called the language of “weakness and surrender” from other officials.

His approach, it said, was “neither a denial of economic pressure nor merely an attempt to neutralize sanctions, but to make the siege costly for its designers and supporters.”

“From this perspective, with Rezaei’s remarks, Iran’s economic doctrine has become militarized,” Hamshahri said.

Reformists, however, have questioned whether the SNSC secretary has the authority to articulate such policies without a formal council decision.

They argue that the secretary administers and communicates the council’s decisions rather than independently determining them, while Pezeshkian serves as president of the SNSC.

Former reformist lawmaker Mahmoud Sadeghi addressed Rezaei directly on X: “The seat you are sitting on is the secretaryship of the Supreme National Security Council, not the presidency.”

The nuclear question

The disagreement is particularly consequential because Rezaei has gone beyond the immediate economic confrontation to raise the possibility of reconsidering Iran’s longstanding rejection of nuclear weapons.

In an interview broadcast on state television, he argued that US attacks had demonstrated that neither membership in the Non-Proliferation Treaty nor cooperation with international nuclear inspectors could protect a country from military attack.

“When America is waging such a war, people naturally ask: Why shouldn’t we pursue nuclear weapons ourselves?” Rezaei said.

He went further, arguing that a nuclear weapon could be “cheaper and more effective than having hundreds of F-35s and spending enormous amounts of money on other military capabilities.”

Rezaei stopped short of saying Iran had decided to pursue a bomb. But some hardliners interpreted his remarks as an invitation to reconsider Iran’s nuclear doctrine.

“I hope this accurate and correct analysis by General Rezaei will be a prelude to Iran’s withdrawal from the NPT and a change in Iran’s nuclear doctrine,” hardline journalist Nezameddin Mousavi wrote.

Hamshahri similarly said Rezaei had raised the question of an atomic bomb without explicitly presenting it as Iran’s official position.

‘Solution out of reach’

Abdollah Ramezanzadeh, spokesman for former reformist President Mohammad Khatami, countered that the responsibilities of the SNSC chairman, secretary, members and Supreme Leader’s representatives are separately defined.

The secretary’s job, he argued, is to prepare meetings and communicate decisions under the chairman’s supervision.

Hardliners reject that interpretation, pointing to Rezaei’s second position as the Supreme Leader’s representative on the council.

Rezaei served as the Leader’s military adviser during the war before being appointed his representative on the SNSC, alongside his appointment as secretary by Pezeshkian.

His supporters argue that the dual role gives his statements greater political weight than those of an ordinary council secretary. Some have gone further, portraying criticism of Rezaei as an attack on the Supreme Leader himself.

Conservative journalist Ehsan Salehi, meanwhile, portrayed Rezaei’s statements as part of a deliberate escalation strategy in which each new stage of US pressure produces a tougher Iranian response.

“Each new stage of pressure and tension makes Iran’s behavior more complicated and tougher and puts a solution further out of reach,” Salehi wrote.

The dispute comes as Iran confronts increasingly severe economic pressure and an unresolved military standoff with the United States—and is no longer simply over tactics.

With Rezaei threatening oil exports across the Persian Gulf and openly questioning the logic of remaining non-nuclear, it has become an argument over who has the authority to signal how far Iran is prepared to go.

Iran shrugs off US economic war as analysts sound alarm

Aug 25, 2026, 00:50 GMT+1
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Behrouz Turani
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Supporters of Iran’s Supreme Leader attend a state-backed event in Tehran, with a billboard depicting the Statue of Liberty toppled amid Iranian and religious flags, August 22, 2026

Iranian officials have dismissed Washington’s “Economic D-Day” as another failed attempt to cripple the country, but analysts inside Iran warn that an economy weakened by war may be far less capable of absorbing the latest US pressure campaign.

US Treasury Secretary Scott Bessent has described the campaign as the “endgame,” while Iran’s Central Bank Governor Abdolnasser Hemmati insisted it would have “no impact on Iran.”

Other senior officials have warned regional and European states against helping Washington enforce its measures.

But Abdolrahman Fathollahi, an analyst writing in Shargh, cautioned against assuming that decades of experience circumventing sanctions mean Tehran can simply weather the latest campaign.

Iran, he said, is now more economically fragile after the recent conflicts known as the 12-day and 40-day wars. The new measures are designed not simply to add restrictions but to close Iran’s remaining economic lifelines—and test how far China is prepared to go to keep them open.

That could prove crucial.

Hamed Vafaei, an associate professor of Chinese studies at the University of Tehran, argues that Beijing is likely to maintain enough oil purchases and trade to prevent Iran’s complete economic isolation, but will not sacrifice its own interests to rescue Tehran.

China’s economic relationships with the United States, Western markets and Persian Gulf Arab states dwarf its trade with Iran. Vafaei said Tehran should therefore view Beijing as a pragmatic strategic partner rather than an unconditional ally.

International affairs analyst Esmail Beshari similarly told Shargh that tougher US sanctions would create additional obstacles but were unlikely to sever Iran-China trade altogether.

Some Iranian analysts have urged Tehran to move beyond what they describe as a “North Korea model” of relying on China for basic economic survival toward a “Pakistan model” based on deeper, mutually beneficial trade and investment.

The warnings come as pressure on Iran’s domestic economy is already mounting. Annual inflation reached 66 percent in July and food prices were 128 percent higher than a year earlier, according to official data, while gasoline supplies have also come under strain.

Iranian economic newspapers have cautioned against complacency. Donya-ye Eghtesad warned that relying on methods used to circumvent previous sanctions could prove a mistake, arguing that Tehran must also address its domestic vulnerabilities.

Concern about those vulnerabilities is increasingly visible within the security establishment.

Police chief Ahmadreza Radan said foreign powers were preparing to exploit economic hardship to foment unrest. President Masoud Pezeshkian has said it would be better to end the war while Iran remains in a position of “power and dignity.”

Parliament Speaker Mohammad Bagher Ghalibaf was blunter.

“No matter how much military power we have, we won't survive if people are hungry and we don't have financial turnover, economic growth and national production,” he said.

Such warnings sit uneasily alongside Tehran’s public insistence that Washington’s latest campaign will fail.

Iran has survived decades of sanctions and analysts do not expect the new measures to completely sever its economic links with China. But keeping some trade and oil exports flowing is not the same as insulating an economy already weakened by war from further pressure.

The question for Tehran may therefore be not whether “Economic D-Day” can completely isolate Iran, but how much additional pressure the country can absorb.