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CNBC World News

Aug 26, 2026

Oil bounces off lows after Iran says deal reached with Oman to share Hormuz revenue

Oil fell Wednesday, as investors continue to assess the U.S. pivot toward economic sanctions rather than military strikes to add pressure on Iran.

Int'l Herald Tribune

Aug 26, 2026

What to Know About Bank Melli, Singled Out in U.S. Call for Economic War

Bank Melli, Iran's largest lender, already faces waves of sanctions that severely limit its ability to operate abroad. Every foreign branch must be shut down, Treasury Secretary Scott Bessent said.

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