LIVEUS blockade, new sanctions deepen Hormuz standoff as Iran vows pressure will failLast updated: August 22, 2026 | 07:02Donald TrumpGazaIran Israel conflictLebanonUS-Israel-Iran warStrait of HormuzUS President Donald Trump gestures as he speaks after disembarking from Air Force One upon arrival at Myrtle Beach International Airport in Myrtle Beach, South Carolina, on August 21, 2026.AFPUS President Donald Trump said he views the Strait of Hormuz as “American territory” and claimed Iran wants a deal but is not ready to accept the terms Washington is seeking. Iran’s Foreign Ministry called the latest US sanctions a “declaration of war” on all nations, while China criticised Trump’s threatened “economic D-Day” against Tehran, saying sanctions do not serve anyone’s interests. Meanwhile, the foreign ministers of Iran and Oman discussed resuming negotiations over a deal governing passage through the Strait, while US Secretary of State Marco Rubio met Oman’s top diplomat amid growing tensions over the strategic waterway. Follow our live coverage for the latest developments:HighlightsSHOW MORE06:51 AM, 22 August 2026Trump says Iran wants deal but ‘we’ll see what happens’Trump said Washington would “see what happens” following its latest sanctions against Iran, while claiming the country has been weakened economically and militarily.Trump said Iran “would love” to reach a deal with the US but is not yet ready to accept the terms Washington is seeking.Iranian Foreign Minister Abbas Araghchi rejected the US pressure campaign, saying on social media that Trump’s plans for economic warfare are “bound to fail”.Get updated faster and for FREE: Download the Gulf News app now - simply click here.06:51 AM, 22 August 2026Iran calls US sanctions a ‘declaration of war’ on all nations