Trump claims total US control of Hormuz, Iran talks stall

On August 12, 2026, US President Donald Trump declared that the United States has total control over the Strait of Hormuz and that he does not trust Iran, accusing it of constant lying. He also suggested the US would keep control of the strait, while noting Iran has 'no money.' Meanwhile, diplomatic efforts remain deadlocked, with Iran insisting on conditions for reopening the strait that Trump rejects. Pakistan said a deal is close, but Iran reported no progress on reviving an interim peace deal with the US. The standoff comes amid severe economic hardship in Iran, with inflation reportedly reaching 300%.