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Oil Price Drops As US Claims Hormuz Traffic Soaring; Bessent Readies Economic War

Oil Price Drops As US Claims Hormuz Traffic Soaring; Bessent Readies Economic War

Ed Morrissey· ·5 min read · 0 reactions · 0 comments · 8 views
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Oil Price Drops As US Claims Hormuz Traffic Soaring; Bessent Readies Economic War Ed Morrissey 10:40 AM | August 24, 2026 AP Photo/Jacquelyn Martin The next major action in the war with Iran will not come from sorties over Tehran, an invasion of Kharg Island, or targeted hits on IRGC leadership. The US will launch its "economic D-Day" today to force the IRGC into capitulation from a podium. Treasury Secretary Scott Bessent will announce punitive sanctions on all countries still doing business with Iran at a press conference at 1 pm ET, essentially completing the economic blockade the US Navy has imposed since mid-April.

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HotAir · Ed Morrissey
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Record

Original publisherHotAir
Canonical URLhttps://hotair.com/ed-morrissey/2026/08/24/oil-price-drops-as-us-claims-hormuz-traffic-soaring-bessent-readies-economic-war-n3818292
Publication timeMon, 24 Aug 2026 10:40:00 -0400
Retrieval time2026-08-24T14:51:44.580Z
Last seen2026-08-24T14:51:44.580Z
Headline sourcePublisher (no WeSearch rewrite)
Excerpt sourcepublisher body
Excerpt methodFirst ~120 words (~800 chars) of extracted publisher body, fair-use limited.
SummaryWeSearch · cerebras-chat (WeSearch summarizer)
Summary source textcontentText
Citation coverageSummary is a WeSearch-generated derivative; primary citation is the original publisher URL.
ClusterNone
Cluster logicNot yet clustered, or no peer story found in the clustering window.
Ranking reasonStory pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking.
Publisher visitYes — open original
Substitutes article?No — link-out required for full text

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WeSearch declared handling (basis: Derived from the published RSS/Atom feed). This is WeSearch policy, not a legal grant on the publisher's behalf.
Unknown
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Commercial reuse May the content be reused commercially? Not permitted

Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.

Opening excerpt (first ~120 words) tap to expand

Oil Price Drops As US Claims Hormuz Traffic Soaring; Bessent Readies Economic War Ed Morrissey 10:40 AM | August 24, 2026 AP Photo/Jacquelyn Martin The next major action in the war with Iran will not come from sorties over Tehran, an invasion of Kharg Island, or targeted hits on IRGC leadership. The US will launch its "economic D-Day" today to force the IRGC into capitulation from a podium. Treasury Secretary Scott Bessent will announce punitive sanctions on all countries still doing business with Iran at a press conference at 1 pm ET, essentially completing the economic blockade the US Navy has imposed since mid-April.

Excerpt limited to ~120 words for fair-use compliance. The full article is at HotAir.

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