Iranian crude exports fell to approximately 260,000 barrels per day in August 2026, down more than 80% from August 2025 and about 70% from July, according to Kpler. President Masoud Pezeshkian said Iran's imports and exports had declined between 25% and 35%, with imports falling more sharply. Supreme Leader Mojtaba Khamenei urged greater domestic production and a gradual reduction in the U.S. dollar's role. The U.S. Treasury intensified its campaign through Operation Economic Outcast, including a proposal to cut Banque Misr UAE's correspondent banking access over alleged links to Iran's shadow banking network. The bank processed about $1.8 billion over two years for 103 potentially connected companies, Treasury said. U.S. Central Command said it had redirected 82 commercial vessels, disabled three and boarded two as of Aug. 28. Iran's Ministry of Petroleum said it had transferred $7.5 billion in oil proceeds to the central bank over four months and could bypass maritime blockades, although the conflict and unresolved Strait of Hormuz standoff continue to constrain trade.