RABAT, August 28. /TASS/. Foreign Ministers Fuad Hussein of Iraq and Badr al-Busaidi of Oman agreed that the United States’ toughened anti-Iranian sanctions will impair trade, economic, and financial cooperation with Iran and will have a negative impact on the situation in the region, the Iraqi foreign ministry said after their phone call.

"The two sides also discussed the outstanding issues between the United States and Iran and addressed the proposed US sanctions that would restrict economic and financial dealings with Iran, as well as their potential repercussions for the regional situation," it said.

The two top diplomats "emphasized the importance of holding emergency meetings of the countries concerned to discuss ways to address the dangerous developments and limit their repercussions." The ministers "also stressed the need to continue cooperation and coordination between Baghdad and Muscat, work on proposing joint initiatives in this regard, and invite other countries to participate in them.

" Earlier, US President Donald Trump announced the launch of "economic warfare and isolation on an unprecedented scale" against Iran. The US leader also warned that countries whose financial institutions, businesses, airports, or government agencies support Tehran will face serious economic consequences from Washington.

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As of mid-to-late March 2026, the United States temporarily paused sanctions on a specific portion of Iranian oil exports. This measure was limited in scope and did not constitute a full lifting of restrictions.

Pakistani-mediated talks were held with the stated objective of stabilizing the 2026 Iran war ceasefire and negotiating a potential resolution. Reports suggest Pakistan played a central role in moderating these discussions, though specific outcomes and verifications of the ceasefire status remain unclear.