Iran has condemned a new U.S. sanctions announcement expected Monday from Treasury Secretary Scott Bessent, as disruption in the Strait of Hormuz continues. Iran says its oil exports have effectively fallen to zero. China remains the dominant buyer of Iranian seaborne oil, while Pakistan is pursuing diplomacy and Saudi Arabia is examining alternative export routes. By Dr. Layne McDonald August 23, 2026 : 11 AM wave Facts What Happened Iranian officials have condemned loomi
