A man drives past a banner showing a portrait of the Iranian Supreme Leader Ayatollah Mojtaba Khamenei, in downtown Tehran, Iran. (Photo: AP)The US-Iran war is intensifying on multiple fronts, with Washington tightening its economic squeeze on Tehran even as fighting spreads across shipping lanes, Yemen, and Saudi Arabia. Treasury officials confirmed a major new sanctions target is coming, while battlefield activity around the Strait of Hormuz and the Red Sea signals no near-term resolution.Treasury vows new bank sanctions: Treasury Secretary Scott Bessent announced that Washington will hit a major, unnamed bank with sanctions early next week, part of an ongoing pressure campaign against Tehran. He indicated the penalty had originally been planned for Friday but was pushed back out of respect for September 11 memorial events. Bessent framed the strategy as financial isolation severe enough to threaten any company or individual still doing business with Iran, while separately, President Trump suggested the conflict would likely stretch on until after the US midterm elections in November.Story continues below this adKey DevelopmentsNew sanctions incoming: The US Treasury plans to sanction a large, undisclosed bank on Monday as part of its ongoing economic pressure campaign against Iran.Yemen’s port city falls: Houthi forces have taken control of Mocha, a key Red Sea port, tightening their grip near the vital Bab el-Mandeb shipping strait.Shipping under threat: Wednesday saw the heaviest attacks on vessels since the war began, pushing oil prices above $100 a barrel for the first time since July.Military and diplomatic fallout spreads: Iranian strikes damaged US aircraft in Jordan, Iran claims it hit a US drone vessel in Hormuz, and Saudi Arabia faced repeated missile alerts from Houthi attacks.No quick end in sight: Trump says the war will likely continue until after the November US midterms, even as economic pain from sanctions and rising oil prices grows.Follow the latest world news and major international developments here. This live blog is a rolling curation of the day’s key global stories, with updates added as events unfold and the news agenda changes. The headline, introduction and Top Developments section will be refreshed throughout the day to reflect the stories that matter most at that moment.Live UpdatesSep 11, 2026 04:49 AM ISTTwo vessels hit by projectiles off Oman coast: UKMTOThe UK Maritime Trade Operations (UKMTO) Centre says it has received a report of two vessels involved in an incident 4 nautical miles (7.4km) west of the port of Khasab in Oman.An alert issued by UKMTO says the master of a vessel reported seeing four unknown projectiles hit two unknown vessels, causing a fire on one vessel. The master said he was unsure of the status of the second vessel, 6 nautical miles (11km) north of his position.UKMTO WARNING 133-26Click here to view the full product.⤵️ https://t.co/zmsI7gmPrX#maritimesecurity #marsec pic.twitter.com/YbuuslwEhu— UKMTO Operations Centre (@UK_MTO) September 10, 2026Sep 11, 2026 04:47 AM ISTWelcome to our live blog, where we bring you the latest world news updates as they happen. Stay tuned as we track today's biggest developments from around the globe, updated in real time.Stay updated with the latest - Click here to follow us on Instagram© IE Online Media Services Pvt Ltd