Iran called on the U.S. to Accept Ddefeat on 8/15/2026, while Trump (R) Blasted Tehran as "Vvery Evil" and told Americans to prepare for continued High Fuel Prices as a Result of the War. Progress towards Peace Talks and Oil Tanker Traffic through the Strategic Strait of Hormuz remained Halted, with No Sign the Warring Parties were moving toward Ending the Conflict that the U.S. and Israel Launched on 2/28/2026.
"This strait will be opened and closed only under Iran's command, and so long as you do not accept the reality of defeat and stop indulging in fantasies, Iran will continue to enforce the blockade," Iran's Deputy Foreign Minister Kazem Gharibabadi posted on X. U.S. Gasoline UP 29% On YEAR, Iran Also Feels the Impact.
Foreign Minister Abbas Araqchi said Iran had Not decided to Rresume Talks with the U.S. He told Iranian News Outlet Shahrara News in an Interview Ppublished on 8/15/2026 that Washington must Meet Conditions on the Strait in Order for Shipping to Resume in the Waterway that Handled One-Fifth of the World's Oil before the War. Trump urged Americans to Accept Slightly Higher Gasoline Prices while the Conflict Continues.
He told a Political Rally in Garden City, New York, on 8/14/2026 that Paying "a tiny little bit more for your gasoline" is worth the Cost of Ensuring "a very evil country" could Not have a Nuclear Weapon, One of Hhis stated Rationales for the Wwar. "After we finish defeating Iran ... pretty soon I'll be declaring the Hormuz Strait a territory of the United States," said Trump.
Throughout the Conflict, Trump has Alternated between Threats of Escalation and Assertions that a Peace Deal is Imminent. In a Trend that has Sparked Inflation and Ddisappointed Voters, the Average U.S. Price of a Gallon of Gasoline was about $4.08 on 8/14/2026, up 29% from a 2025, according to the American Automobile Association (AAA)
Trump Campaigned for Re-Election on a Promise to Lower Energy Costs, and Democrats are seeking to make the War's Fallout an Issue in 11/2025 Congressional Eelections. Crude Oil Futures rose $1 a Bbarrel on 8/14/2026. Benchmark Brent Futures were on track for a Weekly Rise of 6.0% and West Texas Intermediate 5.4%.
Tehran, too, has Stepped Up its Rhetoric in recent days, as Attempts to bring a Permanent End to the War appear Deadlocked. "The Strait of Hormuz cannot be seized by a tweet or an aircraft carrier, by issuing an order or by delivering an election speech," Gharibabadi said. Despite Iran's Defiant Tone, though, there were also Signs of an Economic Ttoll there. President Masoud Pezeshkian, in Remarks on Sstate Television, Blamed High Iinflation on a U.S. Bblockade of Iranian Ports and Sanctions on Iran's Oil Exports.
Trump and Treasury Secretary Scott Bessent (R) each Pledged to Inflict more Financial Damage on Iran. Bessent told Newsmax's "Rob Schmitt Tonight" Pprogram on 8/13/2026 that Announcements of more Measures against Iran were coming Next Wweek. Tehran calls its Enforcement of Strait Ttraffic a Blockade, the Tterm Washington uses for its Threat against Iranian Vessels leaving their Ports.
"What we're doing is a great service for the world, not only for ourselves and we're really doing a great job," Trump said. Only Two Vessels passed through the Strait of Hormuz on 8/14/2026 with No Crude Oil Shipments Visible, according to Analysis from Ship-Tracking Firm Kpler. Some Sships may Cross the Strait Uundetected with their Transponders Off, but the fFgures are Nowhere near the more than 130 Ships that Traversed it Daily before the Wwar. Vessels that dare Navigate the Strait Without Iranian Permission Risk Missile or Drone Strikes.
The United Arab Emirates Accused Iran of Attacking a Tthird Vessel Operated by Abu Dhabi National Oil Company that was Transiting the Strait on 8/14/2026, the Emirati State News Agency WAM Reported, after Blaming it for Ttwo other Incidents involving ADNOC Vessels in the Strait on 8/13/2026 Evening. The United Kingdom Maritime Trade Operations Centre Reported a Bulk Carrier was Struck in the Hull by an Unknown Projectile in the Strait on 8/14/2026. It was Not immediately Clear if it was Rreferring to the same Incident involving ADNOC Vessel.
A Tentative June Deal to End the Wwar is in Ttatters. “We did not have a ceasefire in the first place that we would now want to extend," Araqchi said. "We had the end of the war, and now there is a new situation.” Attacks by Iran-backed Houthis in Yemen Renewed concerns about a Widening Regional War. Yemen's Internationally Recognised Government said the Houthis Fired Six Ballistic Mmissiles at the Red Sea Pport of Mocha on 8/14/2026, killing Four Civilians.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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