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World / Mon, 24 Aug 2026 Gulf News

US Sanctions Intensify Pressure on Iran as Strait of Hormuz Tensions Persist

He also announced that Tehran has already received "numerous messages" from neighbouring countries regarding a new, independent regional security order that bypasses US influence entirely. Iran is also trying to link security with trade. Ghalibaf's latest statement specifically mentioned economic cooperation alongside security arrangements. Tehran wants neighbouring states to have an economic stake in keeping regional trade, energy flows and transportation networks functioning, of which the proposed regional approach to the Strait of Hormuz is the foremost example. Oman has proposed a regional management system involving Iran and other parties, with voluntary fees for navigation and safety services, modeled partly on arrangements around the Strait of Malacca, Reuters reported.

Iranian Parliament Speaker and chief negotiator Mohammad Bagher Ghalibaf sarcastically derided the economic and foreign policy strategies of the US, asserting that Iran will bypass these "unjust sanctions" by deepening economic ties with neighbouring countries and moving toward bilateral trade using national currencies rather than the US dollar. He also announced that Tehran has already received "numerous messages" from neighbouring countries regarding a new, independent regional security order that bypasses US influence entirely.

Iran is also trying to link security with trade. Ghalibaf's latest statement specifically mentioned economic cooperation alongside security arrangements.

Tehran wants neighbouring states to have an economic stake in keeping regional trade, energy flows and transportation networks functioning, of which the proposed regional approach to the Strait of Hormuz is the foremost example.

Oman has proposed a regional management system involving Iran and other parties, with voluntary fees for navigation and safety services, modeled partly on arrangements around the Strait of Malacca, Reuters reported.

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