Iranian President Masoud Pezeshkian has called for an end to the war with the US, asserting Tehran is in a position of strength. The conflict, which began in February 2026, remains in a military stalemate with the Strait of Hormuz partially blocked. While Pezeshkian defends a June memorandum of understanding, hardliners oppose concessions. Meanwhile, US Treasury Secretary Scott Bessent is preparing a major sanctions campaign to collapse the Iranian regime, a move criticized by China and Iran.
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