Iran President calls for end to US war
Analysis based on 55 articles · First reported Aug 21, 2026 · Last updated Aug 23, 2026
The ongoing conflict and sanctions threaten global oil supply through the Strait of Hormuz, potentially driving up energy prices and increasing volatility in shipping and insurance markets. The shift to economic warfare may further isolate Iran, impacting its economy and regional stability, while US sanctions could affect global trade and diplomatic relations.
Iranian President Masoud Pezeshkian said on August 21 that it was time to end the months-long war with the United States, asserting that Tehran is in a position of strength. The war, which began in February with US and Israeli actions, has reached a stalemate, with Iran keeping the Strait of Hormuz partially shut and the US maintaining a naval counter-blockade. Pezeshkian defended the June memorandum of understanding with the US, claiming it does not indicate capitulation. The US, under President Donald Trump, has shifted to economic pressure, with Treasury Secretary Scott Bessent vowing to 'collapse' the Iranian regime through ramped-up sanctions. Iran's Foreign Ministry condemned the sanctions as 'economic terrorism' and 'crimes against humanity'. China criticized the sanctions, urging political and diplomatic resolution. Chinese President Xi Jinping is scheduled to visit the White House on September 24, where Iran will be a topic. The situation remains tense with no immediate resolution.
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