SignificantForeign PolicyAssociated Press·Associated Press
Trump pivots back to sanctions for Iran as other strategies to end his war fizzle

President Donald Trump stated Iran is "totally broke" and not paying its soldiers while facing 300% inflation. Crude oil prices climbed Monday as investors interpreted Trump's comments as a sign of fewer ships traversing the Strait of Hormuz.
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Tuesday, August 11, 2026 at 03:41 PM EDT
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