Iran is losing leverage over Strait of Hormuz, says US officialsQatarEnergy extends force majeure on LNG deliveries to Italy's EdisonSix months of war leaves Gulf oil trapped between two chokepointsIran preparing fresh list of conditions to reopen Strait of HormuzScott Bessent promises latest US sanctions will 'crush' Iran's economyIraq and Saudi Arabia to enhance joint border control measuresQatari PM meets Iranian foreign minister in TehranPlay00:22France focuses on Gulf diplomacy amid Hormuz crisisPlay01:03 Iranians panic buy as fuel shortages hitPlay00:25Iran ambassador loses diplomatic immunity in LebanonPlay01:35Manus on Markets: Could US sanctions shock the system? Play02:06The National discusses new set of sanctions on IranPlay01:16US announces new economic campaign against IranPlay01:22UN chief calls for end of standstill in Strait of HormuzPlay01:24US warns allies to back its Iran strategyPlay01:53Trump says Iran is not ready for the 'right' dealPlay00:48CloseUpdated: August 28, 2026, 5:42 PM