Iran War Updates: Trump says U.S. "achieving a very big victory," war "will continue for as long as necessary"
Updated on: August 27, 2026 / 1:53 AM EDT / CBS News
TL;DR
- President Trump stated the U.S. is achieving a victory in the Iran war, which will continue as long as necessary without a set peace talk schedule.
- A tanker in the Strait of Hormuz was hit by an "unknown projectile," causing a fire that was extinguished; no casualties were reported.
- Iran and Oman are discussing a proposal to reopen the Strait of Hormuz via a temporary shipping route and clear sea mines, but Iran insists the U.S. must lift its naval blockade and end the war.
- China reiterated its opposition to U.S. sanctions against Iran, stating it will not comply and will safeguard its own interests.
- Iran's foreign minister requested the UN condemn U.S. actions, including new sanctions.
- The USS Abraham Lincoln aircraft carrier will stop in Thailand for crew rest after its deployment in the Middle East.
- Iran's army claims all damaged weapons systems have been rebuilt, and new systems have been acquired.
- Stock markets showed mixed reactions, with lower oil prices boosting European markets but high U.S. inflation weighing on Wall Street.
- President Trump repeated his assertion that "without him, there would be no Israel."
- Dubai International Airport reported a significant drop in second-quarter passenger traffic due to the Iran war.