WEBVTT

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<v Sarah>The <00:00:00.187>MoU <00:00:00.613>is <00:00:00.816>gone, <00:00:01.620>and <00:00:01.720>the <00:00:01.884>argument <00:00:02.304>over <00:00:02.592>what <00:00:02.747>it <00:00:02.871>actually <00:00:03.497>bought <00:00:03.920>just <00:00:04.300>got <00:00:04.560>very <00:00:04.960>expensive.

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<v Sarah>New <00:00:08.107>to <00:00:08.176>this <00:00:08.333>story? <00:00:09.120>Here’s <00:00:09.533>where <00:00:09.646>things <00:00:10.000>stand.

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<v Sarah>The <00:00:11.104>Hormuz <00:00:11.662>maritime <00:00:12.251>crisis <00:00:12.853>is <00:00:13.013>about <00:00:13.344>more <00:00:13.648>than <00:00:13.900>one <00:00:14.140>strait: <00:00:15.120>U.S.

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<v Sarah>blockade <00:00:15.900>enforcement, <00:00:16.950>Iranian-backed <00:00:17.813>pressure, <00:00:18.680>and <00:00:18.880>Red <00:00:19.160>Sea <00:00:19.340>attacks <00:00:19.792>have <00:00:20.020>all <00:00:20.391>squeezed <00:00:20.996>commercial <00:00:21.422>shipping.

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<v Sarah>Iran <00:00:22.858>previously <00:00:23.504>said <00:00:23.787>it <00:00:23.900>had <00:00:24.180>a <00:00:24.320>safe-route <00:00:24.851>understanding <00:00:25.552>with <00:00:25.808>Oman <00:00:26.420>for <00:00:26.787>ships <00:00:27.160>passing <00:00:27.470>through <00:00:27.760>Hormuz

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<v Sarah>but <00:00:29.024>also <00:00:29.344>said <00:00:29.657>normal <00:00:30.062>security <00:00:30.594>couldn’t <00:00:30.949>return <00:00:31.400>while <00:00:31.720>U.S.

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<v Sarah>maritime <00:00:32.704>sanctions, <00:00:33.653>military <00:00:34.128>movements, <00:00:34.660>and <00:00:34.782>blockade <00:00:35.324>conditions <00:00:35.804>remained <00:00:36.187>in <00:00:36.347>place.

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<v Rich>This <00:00:39.120>is <00:00:39.360>Iran <00:00:39.920>War <00:00:40.253>Daily.

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<v Rich>Today: <00:00:41.600>the <00:00:41.897>barrel <00:00:42.307>count, <00:00:42.900>the <00:00:43.040>human <00:00:43.536>cost, <00:00:44.300>and <00:00:44.560>who <00:00:44.848>gets <00:00:45.093>stuck <00:00:45.376>with <00:00:45.480>the <00:00:45.680>bill <00:00:46.100>now <00:00:46.432>that <00:00:46.611>Washington <00:00:47.200>says <00:00:47.613>talks <00:00:48.128>aren’t <00:00:48.464>even <00:00:48.792>scheduled.

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<v Sarah>This <00:00:50.616>one's <00:00:50.848>from <00:00:51.056>Al <00:00:51.286>Jazeera:

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<v Quote>Oil <00:00:53.872>flows <00:00:54.225>through <00:00:54.385>the <00:00:54.502>Strait <00:00:54.872>of <00:00:54.989>Hormuz <00:00:55.542>nearly <00:00:55.942>tripled <00:00:56.432>while <00:00:56.785>the <00:00:56.898>Memorandum <00:00:57.432>of <00:00:57.548>Understanding <00:00:58.485>(MoU) <00:00:59.605>between <00:00:59.905>the <00:01:00.034>United <00:01:00.491>States <00:01:00.785>and <00:01:00.941>Iran <00:01:01.365>was <00:01:01.512>in

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<v Quote>effect <00:01:02.548>though <00:01:02.738>it <00:01:02.889>remained <00:01:03.325>far <00:01:03.618>below <00:01:03.965>pre-war <00:01:04.525>levels

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<v Quote>according <00:01:05.512>to <00:01:05.613>ship <00:01:05.849>tracking <00:01:06.285>data.

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<v Quote>Some <00:01:07.805>374 <00:01:09.215>million <00:01:09.615>barrels <00:01:09.992>of <00:01:10.145>oil <00:01:10.514>exited <00:01:10.945>the <00:01:11.085>Gulf <00:01:11.451>during <00:01:11.745>the <00:01:11.965>60-day <00:01:12.502>window <00:01:12.905>covered <00:01:13.352>by <00:01:13.445>the <00:01:13.605>since-expired <00:01:14.578>MoU

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<v Quote>equalling <00:01:16.165>about <00:01:16.525>6.1 <00:01:17.295>million <00:01:17.705>barrels <00:01:18.165>per <00:01:18.365>day

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<v Quote>trade <00:01:19.288>intelligence <00:01:19.869>firm <00:01:20.245>Kpler <00:01:20.733>said <00:01:20.978>in <00:01:21.125>a <00:01:21.209>briefing <00:01:21.613>published <00:01:22.098>on <00:01:22.253>Wednesday.

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<v Rich>Kpler’s <00:01:23.721>scorecard: <00:01:24.934>374 <00:01:26.284>million <00:01:26.844>barrels <00:01:27.387>in <00:01:27.654>60 <00:01:28.102>days, <00:01:28.801>or <00:01:29.334>6.1 <00:01:30.134>million <00:01:30.774>a <00:01:30.954>day.

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<v Rich>That’s <00:01:32.100>better <00:01:32.406>than <00:01:32.574>the <00:01:32.774>2.3 <00:01:33.614>million <00:01:33.951>before <00:01:34.314>the <00:01:34.438>June <00:01:34.774>17 <00:01:35.441>MoU—still <00:01:36.694>just <00:01:37.174>40 <00:01:37.554>percent <00:01:38.001>of <00:01:38.074>the <00:01:38.184>roughly <00:01:38.774>15 <00:01:39.384>million <00:01:39.784>barrels <00:01:40.214>a <00:01:40.334>day <00:01:40.518>Hormuz <00:01:41.064>handled <00:01:41.467>in

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<v Rich>2025.

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<v Sarah>And <00:01:43.607>that <00:01:43.782>improvement <00:01:44.359>came <00:01:44.682>early.

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<v Sarah>Kpler <00:01:45.959>says <00:01:46.247>more <00:01:46.423>than <00:01:46.663>half <00:01:46.882>those <00:01:47.071>shipments <00:01:47.642>moved <00:01:48.002>in <00:01:48.075>the <00:01:48.183>agreement’s <00:01:48.828>first <00:01:49.148>three <00:01:49.508>weeks.

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<v Sarah>By <00:01:50.635>the <00:01:50.795>end, <00:01:51.555>analyst <00:01:52.028>Emmanuel <00:01:52.515>Belostrino <00:01:53.319>said <00:01:53.655>flows <00:01:54.087>were <00:01:54.263>thinning <00:01:54.755>and <00:01:55.015>re-accumulating <00:01:56.021>behind <00:01:56.315>the <00:01:56.428>chokepoint.

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<v Rich>That’s <00:01:58.151>what <00:01:58.255>a <00:01:58.351>temporary <00:01:58.926>corridor <00:01:59.535>looks <00:01:59.799>like <00:02:00.087>when <00:02:00.235>the <00:02:00.357>security <00:02:00.915>problem <00:02:01.415>still <00:02:01.895>isn’t <00:02:02.295>solved.

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<v Rich>UKMTO <00:02:04.335>has <00:02:04.512>logged <00:02:04.951>five <00:02:05.379>commercial-vessel <00:02:06.345>attacks <00:02:06.722>in <00:02:06.795>the <00:02:06.935>past <00:02:07.335>week, <00:02:07.935>and <00:02:08.095>a <00:02:08.183>crew <00:02:08.421>member <00:02:08.791>died <00:02:09.215>after <00:02:09.495>a <00:02:09.642>cargo <00:02:10.055>ship <00:02:10.415>was <00:02:10.575>hit <00:02:10.755>off <00:02:11.047>Oman <00:02:11.575>Tuesday.

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<v Rich>More <00:02:13.225>barrels <00:02:13.668>moved, <00:02:14.315>but <00:02:14.415>the <00:02:14.588>route <00:02:14.915>was <00:02:15.148>still <00:02:15.479>dangerous.

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<v Sarah>The <00:02:17.015>MoU <00:02:17.655>expired <00:02:18.272>Monday <00:02:18.655>without <00:02:18.975>a <00:02:19.068>peace <00:02:19.399>deal.

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<v Sarah>Kpler’s <00:02:20.675>figures <00:02:21.143>show <00:02:21.367>what <00:02:21.522>it <00:02:21.646>achieved—and <00:02:22.835>how <00:02:23.115>far <00:02:23.484>normal <00:02:23.959>Gulf <00:02:24.275>traffic <00:02:24.748>still <00:02:25.055>had <00:02:25.202>to <00:02:25.388>go.

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<v Sarah>From <00:02:26.923>Alison <00:02:27.430>Bath <00:02:27.921>at <00:02:28.201>Stars <00:02:28.554>and <00:02:28.674>Stripes:

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<v Quote>President <00:02:30.326>Donald <00:02:30.709>Trump <00:02:30.973>said <00:02:31.299>Tuesday <00:02:31.821>that <00:02:31.969>the <00:02:32.149>U.S.

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<v Quote>was <00:02:32.809>not <00:02:33.042>in <00:02:33.202>talks <00:02:33.485>with <00:02:33.661>Iran

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<v Quote>while <00:02:34.477>insisting <00:02:34.929>the <00:02:35.035>Strait <00:02:35.362>of <00:02:35.517>Hormuz <00:02:36.009>was <00:02:36.269>open <00:02:36.629>and <00:02:36.802>clear <00:02:37.096>of <00:02:37.209>sea <00:02:37.469>mines

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<v Quote>adding <00:02:38.376>to <00:02:38.489>uncertainty <00:02:39.213>over <00:02:39.509>efforts <00:02:39.842>to <00:02:40.009>end <00:02:40.209>the <00:02:40.326>nearly <00:02:40.749>six-month <00:02:41.269>war.

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<v Quote>“There <00:02:42.469>are <00:02:42.642>no <00:02:42.816>talks <00:02:43.202>or <00:02:43.360>conversations <00:02:44.082>going <00:02:44.429>on, <00:02:44.749>or <00:02:44.965>scheduled, <00:02:45.565>with <00:02:45.649>the <00:02:45.769>Islamic <00:02:46.233>Republic <00:02:46.642>of <00:02:46.845>Iran,” <00:02:47.442>Trump <00:02:47.757>said <00:02:47.976>in <00:02:48.069>a <00:02:48.173>post <00:02:48.456>on <00:02:48.562>Truth <00:02:48.898>Social.

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<v Quote>He <00:02:50.082>added <00:02:50.381>that <00:02:50.529>the <00:02:50.709>U.S.

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<v Quote>blockade <00:02:51.522>of <00:02:51.689>Iranian <00:02:52.176>ports <00:02:52.553>remained <00:02:52.936>in <00:02:53.058>effect.

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<v Rich>Trump says Hormuz is “open and clear,” while CENTCOM’s own August 17 tally says U.S.

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<v Rich>forces redirected 64 ships, disabled three, and boarded two.

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<v Rich>That’s a blockade with a scoreboard.

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<v Sarah>And the human cost is specific. The U.K.

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<v Sarah>Maritime Trade Operations center says an unknown projectile hit a vessel near Oman, damaged its engine room, and caused a crew casualty.

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<v Sarah>It didn’t identify the attacker or say whether that mariner was killed or injured.

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<v Rich>Then there’s the diplomatic message: Trump’s August 18 Truth Social post says no talks with Iran are happening or scheduled

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<v Rich>while the port blockade stays in force.

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<v Rich>A map calling the strait “New U.S.

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<v Rich>Territory” doesn’t make insurers—or ship crews—feel any safer.

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<v Sarah>We just heard what the MoU restored in oil flows.

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<v Sarah>This filing shows what remains: attacks near Oman, redirected ships, and no publicly scheduled U.S.-Iran channel.

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<v Sarah>Mike <00:03:58.374>Hanna, <00:03:58.854>writing <00:03:59.187>in <00:03:59.374>Al <00:03:59.604>Jazeera:

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<v Quote>US <00:04:01.100>President <00:04:01.589>Donald <00:04:01.999>Trump <00:04:02.392>has <00:04:02.608>threatened <00:04:03.092>‘economic <00:04:03.852>D-Day’ <00:04:04.572>on <00:04:04.792>any <00:04:05.020>countries <00:04:05.484>that <00:04:05.676>help <00:04:05.985>or <00:04:06.145>do <00:04:06.305>business <00:04:06.764>with <00:04:06.972>Iran.

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<v Quote>Al <00:04:08.222>Jazeera’s <00:04:08.780>Mike <00:04:09.025>Hanna <00:04:09.345>explains <00:04:09.812>how <00:04:09.952>the <00:04:10.069>threat, <00:04:10.675>though <00:04:10.892>vague, <00:04:11.592>signals <00:04:12.052>a <00:04:12.142>renewed <00:04:12.559>focus <00:04:12.972>on <00:04:13.194>economic, <00:04:13.806>rather <00:04:14.044>than <00:04:14.243>military, <00:04:15.041>action.

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<v Rich>Washington <00:04:16.632>is <00:04:16.779>now <00:04:16.952>threatening <00:04:17.595>countries <00:04:18.147>that <00:04:18.419>trade <00:04:18.867>with <00:04:19.155>Iran, <00:04:19.759>not <00:04:20.003>just <00:04:20.339>Iran <00:04:20.750>itself.

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<v Rich>Who’s <00:04:21.966>in <00:04:22.039>the <00:04:22.166>crosshairs <00:04:22.819>first?

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<v Rich>Trump <00:04:24.079>has <00:04:24.326>named <00:04:24.679>the <00:04:24.808>weapon <00:04:25.299>but <00:04:25.603>left <00:04:25.879>the <00:04:26.019>target <00:04:26.563>list <00:04:26.899>foggy.

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<v Sarah>Al <00:04:28.709>Jazeera’s <00:04:29.203>Mike <00:04:29.512>Hanna <00:04:29.846>calls <00:04:30.199>the <00:04:30.305>threat <00:04:30.659>vague, <00:04:31.419>and <00:04:31.587>that <00:04:31.839>matters.

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<v Sarah>Trump’s <00:04:33.116>August <00:04:33.539>18 <00:04:33.955>post <00:04:34.403>said <00:04:34.739>no <00:04:34.995>Iran <00:04:35.446>talks <00:04:35.795>were <00:04:35.923>scheduled.

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<v Sarah>Two <00:04:37.107>days <00:04:37.366>later, <00:04:38.039>the <00:04:38.152>declared <00:04:38.643>next <00:04:38.979>step <00:04:39.379>is <00:04:39.619>economic <00:04:40.312>pressure <00:04:40.835>with <00:04:41.299>no <00:04:41.512>publicly <00:04:42.009>defined <00:04:42.606>terms.

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<v Rich>And <00:04:44.392>after <00:04:44.679>the <00:04:44.819>Kpler <00:04:45.189>numbers <00:04:45.592>we <00:04:45.747>just <00:04:46.039>ran—6.1 <00:04:47.429>million <00:04:47.819>barrels <00:04:48.139>a <00:04:48.239>day <00:04:48.476>during <00:04:48.839>the <00:04:49.032>MoU

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<v Rich>against <00:04:50.149>roughly <00:04:50.659>21 <00:04:51.269>million <00:04:51.665>before <00:04:51.979>the <00:04:52.179>war—this <00:04:52.952>pressure <00:04:53.427>hits <00:04:53.659>a <00:04:53.768>market <00:04:54.259>already <00:04:54.879>limping.

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<v Rich>Brilliant <00:04:56.339>time <00:04:56.686>to <00:04:56.787>make <00:04:57.032>every <00:04:57.389>insurer <00:04:58.059>and <00:04:58.259>cargo <00:04:58.726>buyer <00:04:59.139>guess <00:04:59.579>the <00:04:59.792>rules.

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<v Sarah>The <00:05:01.419>shift <00:05:01.672>is <00:05:01.846>clear: <00:05:02.801>military <00:05:03.346>enforcement <00:05:03.912>is <00:05:04.059>still <00:05:04.307>part <00:05:04.526>of <00:05:04.599>the <00:05:04.730>standoff, <00:05:05.719>but <00:05:05.799>the <00:05:05.899>White <00:05:06.152>House <00:05:06.446>is <00:05:06.539>putting <00:05:06.881>economic <00:05:07.432>pressure <00:05:07.912>front <00:05:08.219>and <00:05:08.408>center.

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<v Sarah>No <00:05:09.595>specifics <00:05:10.131>have <00:05:10.275>been <00:05:10.387>announced <00:05:10.846>on <00:05:10.919>the <00:05:11.029>measure, <00:05:11.726>where <00:05:11.886>it <00:05:11.966>would <00:05:12.192>apply, <00:05:12.872>or <00:05:13.059>when.

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<v Host>If <00:05:14.541>today’s <00:05:14.857>briefing <00:05:15.181>was <00:05:15.370>useful, <00:05:16.135>please <00:05:16.421>subscribe <00:05:17.301>or <00:05:17.648>leave <00:05:17.821>a <00:05:17.918>review <00:05:18.305>wherever <00:05:18.681>you’re <00:05:18.869>listening.

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<v Host>Reviews <00:05:20.549>help <00:05:20.768>other <00:05:20.947>people <00:05:21.301>find <00:05:21.717>Iran <00:05:22.161>War <00:05:22.421>Daily, <00:05:23.421>and <00:05:23.557>your <00:05:23.681>support <00:05:24.154>helps <00:05:24.474>us <00:05:24.613>keep <00:05:24.785>bringing <00:05:25.181>you <00:05:25.354>clear <00:05:25.688>daily <00:05:26.101>updates.

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<v Host>Links <00:05:27.606>to <00:05:27.699>every <00:05:27.952>story <00:05:28.272>we <00:05:28.429>covered <00:05:28.839>are <00:05:29.046>in <00:05:29.119>the <00:05:29.227>show <00:05:29.486>notes, <00:05:30.272>if <00:05:30.399>you <00:05:30.491>want <00:05:30.646>to <00:05:30.739>dig <00:05:30.907>into <00:05:31.143>anything <00:05:31.515>that <00:05:31.613>caught <00:05:31.835>your <00:05:31.955>attention.

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<v Host>Thanks <00:05:33.439>for <00:05:33.555>listening.

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<v Host>We’ll <00:05:34.592>be <00:05:34.667>back <00:05:34.921>tomorrow.

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<v Host>That’s <00:05:36.379>Iran <00:05:36.759>War <00:05:37.006>Daily <00:05:37.379>for <00:05:37.592>today.

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<v Host>This <00:05:38.912>is <00:05:39.059>a <00:05:39.159>Lantern <00:05:39.679>Podcast.