August 22, 2026 — Iran military leader vows Tehran ‘will not submit’ as US plans economic squeeze | CNN

Get the latest updates on the war with Iran here. • Economic pressure: A close ally of Iran’s supreme leader said President Donald Trump’s current rhetoric about the war stems from desperation, vowing Iran “will not submit.” The US is preparing to ramp up economic sanctions on Tehran, with further details set to be announced Monday. • Strait of Hormuz: Iranian state media reports the country will allow Iraqi oil tankers to travel through the critical waterway. The number of ships using the strait stands at 20% of the pre-war average, according to a CNN analysis of figures from the UK’s maritime agency. • US gas prices: Meanwhile, drivers are paying nearly $1 more per gallon for gas, as compared to a year ago. The national average gas price on Friday was $4.11 per gallon, up $0.97 from this time last year. Tehran’s security chief vowed to “neutralize the economic war” with the United States and threatened to halt oil flow out of the Strait of Hormuz, Iran’s state-affiliated Press TV reported. “America is backed into a corner. Either they honor their commitments or they will have to struggle to get out of that corner, which will make the situation worse,”