India, Aug. 26 -- Iranian President Masoud Pezeshkian has hit back at Washington's latest economic pressure campaign, saying the US will not achieve its goals through sanctions.

At the same time, Iran and Oman are pushing talks on an interim arrangement to restore shipping through the Strait of Hormuz. The diplomatic developments have also put pressure on oil prices as traders assess the possibility of easing the disruption around the key waterway.

US-Israel-Iran War Live News: Iran Says 'US Will Achieve Nothing'

Iranian President Masoud Pezeshkian has rejected the latest US economic measures and said Washington will fail to achieve its objectives through financial pressure. Pezeshkian argued that the US could not achieve its goals thr...