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Iran live updates: Trump says Tehran's economic situation is 'not sustainable'

Trump also again dismissed concerns about U.S. munitions stocks.

Last Updated: August 11, 2026, 6:41 AM EDT

President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes targeting military, government and infrastructure sites.

Delegations from the U.S. and Iran entered negotiations in June aimed at a war-ending deal based on a memorandum of understanding signed by both countries.

The U.S. and Iran have nonetheless continued to exchange strikes, with the strategic Strait of Hormuz the primary flashpoint.

Aug 10, 2026, 1:02 PM EDT

Trump responds to Iran’s demand for compensation with his own calls for compensation

After Iran released demands of compensation as part of negotiations to end the war, President Donald Trump is responding with his own call for the Iran to pay the U.S., further entrenching the stalemate between the two countries.

President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, August 7, 2026.
Elizabeth Frantz/Reuters

Iran Foreign Minister Seyyed Abbas Araghchi said several days ago that the reopening of the Strait of Hormuz was contingent on various conditions, including the U.S. paying Iran “compensation for violations” of the memorandum of understanding.

On Monday, Trump wrote on social media, “I see that Representatives of the Islamic Republic of Iran are asking for compensation for the damage done to them during the last five month Military Conflict (started because, THEY WILL NOT HAVE A NUCLEAR WEAPON), even though it was never mentioned in any of our negotiations or meetings!”

Trump said he is now making the same demand back, writing, “I am likewise demanding compensation from Iran.”

“Additionally, compensation should be paid to the families of the hundreds of thousands of innocent protestors that Iran has killed over the last 50 years, not to mention the 52,000 that have been killed in the last five months,” Trump wrote. “I have instructed my representatives to put this firmly into any, and all, future negotiations.”

-ABC News’ Michelle Stoddart and Emily Chang

Aug 10, 2026, 6:23 AM EDT

Iran's focus is on Oman Strait of Hormuz talks, official says

Iranian Foreign Ministry spokesperson Esmaeil Baqaei said at a press conference on Monday that there are no direct negotiations ongoing between Iran and the U.S.

Existing communications are limited only to the exchange of messages through intermediaries, Baqaei said. He added that Tehran's focus is now "on advancing negotiations with Oman to determine the final destination of the shipping route" through the Strait of Hormuz.

"Management and security of the Strait of Hormuz is Iran's responsibility," Baqaei said, adding that Tehran will not allow the strategic waterway to reopen unless the U.S. agrees to key Iranian demands, among them reconstruction funding and the lifting of sanctions.

"According to the agreements, the previous traffic routes will be replaced by a middle and safe route, which will act as a temporary route until a new traffic separation plan is reached," Baqaei said of the plan under discussion by Iran and Oman.

"The main goal of the ongoing diplomatic negotiations is to reach a lasting understanding with Oman to establish complete security in this vital waterway," he said.

Vessels transit the Strait of Hormuz off Bandar Abbas in southern Iran on Aug. 10, 2026.
Atta Kenare/AFP via Getty Images

-ABC News' Somayeh Malekian

Aug 10, 2026, 2:12 AM EDT

7 killed in Houthi attack on Mocha port, Yemen's army says

The Yemeni Armed Forces said in a statement that at least four soldiers and three civilians were killed in an attack on the Red Sea port city of Mocha by the Iran-aligned Houthi rebels on Sunday.

At least 30 other people were injured, the army's official spokesperson -- Col. Majid Abdullah Al-Nuzaili -- said in the statement.

The attack involved the use of drones and missiles, Nuzaili said, and targeted "civilian infrastructure, employee residences and their families, power generation stations and civilian sites within the city, in addition to military sites," the spokesperson added.

Smoke rises during Houthi missile and drone strikes on the Red Sea port city of Mocha, Yemen, on Aug. 9, 2026.
Stringer/Reuters

-ABC News' Will Gretsky

Aug 09, 2026, 2:39 PM EDT

Hamas says it 'affirms its commitment' to Trump's 15-point Gaza peace plan

Hamas said in a statement Sunday that it "affirms its commitment" to Trump's 15-point plan for the second phase of the ceasefire agreement with Israel in the Gaza Strip "and establishing a clear timetable for their implementation."

The Hamas statement came in response to Israeli Prime Minister Benjamin Netanyahu's comments earlier in the day at an Israeli cabinet meeting that he would reject the plan, stating that "the IDF will not make any withdrawal until Hamas is truly disarmed and will continue to thwart threats against our forces and citizens."

"We call upon the mediators, guarantors, and the Peace Council to assume their responsibilities, ensure the commitment of all parties to what has been agreed upon, and prevent any violations or breaches that could disrupt the implementation process or undermine the ceasefire agreement," the Hamas statement continued, in part.

Hamas will "continue to engage positively and responsibly with efforts aimed at completing the implementation of the agreement," the statement further said.

-ABC News' Diaa Ostaz

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