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• Economic pressure:Iran has condemned US President Donald Trump’s threat of an “economic D-Day” against the country. The Iranian Foreign Ministry warned that those who order or implement the levies “are liable to prosecution and punishment.” The Trump administration also imposed new sanctions on Hezbollah and redesignated the group as an Iranian proxy

Tehran’s grocery stores are well-stocked, but many families can barely afford the basics. Unemployment is soaring and those with jobs are working more hours for money worth half as much as a year ago, putting food, medicine and everything else —  except for heavily subsidized gasoline — further out of reach

A U.S. official confirmed to CBS News that the USS Abraham Lincoln aircraft carrier is headed home after a nine-month deployment. It could still take several weeks for it to get back to its home port in San Diego, California. 

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Live updates: US national debt hits record $40 trillion | AP News LIVE ALL breaking news updates

Vice President JD Vance on Thursday said the war with Iran has entered a “new phase where the most effective tool that we have is the economic pressure that we can apply to them.”

World News Today Live Updates on August 19, 2026 : Strait of Hormuz: Iran’s grip slips as ships increasingly use UN-authorised Oman route; US blockade gains ground | Today News Live Updates

• Expanding conflict:The United Arab Emirates said it issuspending all trade with Iran “in light of regional escalations.” Iran has denied firingtwo ballistic missiles the UAE said were “targeting maritime navigation.”

• Scuppered talks: US President Donald Trump said no talks are underwayor scheduled with Tehran, after saying his administration had established a back channel with the Revolutionary Guards, which Iran denied. Iran’s parliament speaker accused the US of “squeezing” Tehran for concessions

The Strait of Hormuz is to remain closed until the US meet the conditions agreed in an interim deal, according to Iran’s top negotiator Mohammed Bagher Ghalibaf in comments shared by state media