Politics
US-Iran standoff deepens as economic pressure collides with diplomatic messaging
October 12, 2026 at 11:58 PM · Updated 3d ago
10 reports · 9 in Arabic, 1 in English · over 11 hours
Washington tightened economic measures against Iran while Tehran said it was still studying US positions relayed through mediators.
- Iranian foreign ministry spokesman Esmaeil Baqaei said Iran continues exchanging messages with the US via mediators and will respond after studying American positions.
- US Treasury Secretary Scott Bessent announced expanded measures to isolate Iran, including cutting airline services and seizing cryptocurrencies, saying cash flows had turned negative.
- Iran's judiciary spokesman said in September that oil intermediaries owed the government 10–11 billion euros, roughly half the oil revenue projected in the current budget.
- Bessent said in August that Iran's shadow banking system was buckling under the US pressure campaign.
- Iran's Deputy Foreign Minister Kazem Gharibabadi said Tehran is ready for negotiations and defense, with its response to US observations still under study.
- Gharibabadi cautioned that Iran's flexibility has limits, citing US violations of the Islamabad understanding regarding commitment honoring.
- Mohsen Rezaei said the US response to Iran's seven conditions for reopening the Strait of Hormuz was insufficient.
- Trump said in a Truth Social post that he rules out China and Russia assisting Iran, arguing that both have a lot to lose.
- Russian Security Council Deputy Chairman Dmitry Medvedev said Moscow is ready to facilitate peace talks between Iran and the United States.
- Trump said Washington may have gone too far in targeting Iranian leaders, noting no one wants to be president of Iran.
- The US Treasury blacklisted cryptocurrency exchange BitPanak and businessman Babak Zanjani, and separately sanctioned Nobitex and its founders.










