Iran-US war latest: Tehran president says it is time to end war ‘in position of strength’ after Trump threatens ‘Economic D-Day’

Iran’s president Masoud Pezeshkian has said that it is now time to end the war between Tehran and the US on Friday. "It is better that we bring the war to an end now as we are in a position of power and dignity," Pezeshkian said in a meeting with doctors in the country. "The whole world acknowledges our victory and emphasises that America has attacked our schools, hospitals and infrastructure in violation of all regulations and is hated around the world." It comes after Tehran accused US president Donald Trump of threatening "economic terrorism" after the US treasury said it would introduce the “toughest sanctions in history" against Tehran. Trump has promised to wage "Economic Warfare and Isolation on an unprecedented scale”, suggesting the US will extend sanctions to allies that have helped mediate peace ‌talks. Meanwhile, over 750 members of the US military have been injured since the Iran war began, US officials said. More than 50 soldiers were added to the Pentagon’s casualty database on Wednesday, bringing the total figures to 757 injured and 18 killed. In pictures: Diesel prices rise in US amid Iran war Diesel prices over $7 a gallon are displayed on a pump at a gas station (Getty) According to data from AAA, diesel prices in California have risen 30 cents in the last month (Getty) Nicole Wootton-Cane22 August 2026 04:00Recap: Iran threatens to attack US targets in Europe if Trump escalates war, says report Iran is considering launching attacks on US military targets in Europe if President Donald Trump escalates the conflict, according to a report. Sources close to Iran’s government told the Financial Times that potential targets included a British air base in Cyprus that was targeted by a drone in March. Other countries in southeastern Europe such as Bulgaria, which approved US access to its Bezmer air base for refuelling last month, were also weighed up as a potential target for strikes. You can