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2026 Iran War: 2026-08-10

Monday, August 10, 2026 3 updates Last updated 05:04 UTC
05:04 UTC

Brent crude rises as Iran ties Hormuz reopening to US concessions

Brent crude rose more than 1 percent on Monday to about $84.43 a barrel as markets weighed Iran's conditions for reopening the Strait of Hormuz. Al Jazeera reported Tehran still demands major US concessions, including easing sanctions and war reparations, while shipping through the strait remains a fraction of pre-war levels. Analysts said the lack of a workable deal is keeping a risk premium in oil prices.
Al Jazeera
05:04 UTC

Trump says US is only semi-negotiating with Iran, relying on economic pressure

President Donald Trump said Washington is only "semi-negotiating" with Tehran and is "low-keying" military action while waiting for economic pressure to mount. In an Axios interview reported by Al Jazeera, he pointed to sanctions and the naval blockade, saying Iran is in "very bad shape" financially. Iranian Foreign Minister Abbas Araghchi said there are no direct talks with the US and that the Strait of Hormuz will not reopen until Washington meets Tehran's conditions, including lifting the blockade.
Al Jazeera / Axios
05:04 UTC

Araghchi: No direct US talks; Hormuz reopening still tied to blockade end

Iran's Foreign Minister Abbas Araghchi said there are no direct negotiations with the United States and that the Strait of Hormuz will not reopen until Washington meets Tehran's demands. Those include lifting the naval blockade, according to Al Jazeera's Iran war live coverage. The comments come as Oman-mediated talks on shipping coordinates have been described as near a possible technical agreement, without a full political settlement.
Al Jazeera