Iran’s Ministry of Foreign Affairs Spokesperson Esmaeil Baqaei criticized the President Donald Trump administration’s economic restrictions on Iran, calling them an assault on international law and the UN Charter. In a post on X on Aug. 25, 2026, Baqaei described Trump’s “Economic D-Day” measures as “absolutely not fine” and said banks, companies, ports and governments were being forced to choose between following Washington’s demands or facing U.S. retaliation. Iran’s Security Chief separately described participation in the restrictions as an “act of war” and said oil would not flow through the Strait of Hormuz, although Iran and Oman were reportedly discussing a temporary corridor for vessels. WTI crude was $80.16 a barrel and Brent was $85.86, while the United States Oil Fund fell 1.15% to $124.65 in pre-market trading. AAA data showed average U.S. gasoline at $4.1014 a gallon and diesel at $5.6230. Trump also faced criticism over Iran policy and threatened 50% tariffs on Canada after trade talks failed, prompting retaliatory tariffs from Canadian PM Mark Carney and warnings about Michigan jobs and U.S. living costs.