Iran war updates: Tehran says preparing list of conditions to open Hormuz

These were the updates on the US-Israel war on Iran from Thursday, August 27, 2026.

Vessels in the Strait of Hormuz are visible near the beach of Bandar Abbas, Iran, August 27, 2026. [Majid Asgaripour/WANA via Reuters]
Video Duration 02 minutes 02 seconds 02:02

Iranian rial hits new low as US sanctions pile pressure on economy

By Zaid Sabah, Rached El-Moctar, Umut Uras, Daniel Khalili-Tari, Kristen Talman, Ali Mustafa, Mohammed R Mhawish, Nils Adler, Usaid Siddiqui and Tracy J. Jawad
Published On 27 Aug 2026

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