Update: U.S. threatens "economic D-Day" sanctions on Iran
NEW YORK, Aug. 24 (Xinhua) -- U. S.
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"The clock just started ticking": US Treasury Secy Bessent warns "any entity" aiding Iran's "money laundering"
Washington DC [US], August 25 (ANI): US Treasury Secretary Scott Bessent on Monday (local time) warned that entities facilitating money laundering on behalf of Iran will be removed from the US dollar system, as Washington announced new sectoral sanctions targeting key areas of Iran's economy.
Bessent admits sanctions may blow up global economy in apparent slip
Bessent admits sanctions may blow up global economy in apparent slip US Treasury Secretary says that American sanctions on Iran could collapse the global economy, in an apparent slip while answering a question from a reporter at a press conference in Washington, DC to announce the santions. When asked by a reporter why the Treasury doesn't impose the sanctions today, Bessent replied "why would I want to blow up the global financial system? " He went on to elaborate that the US wants to give countries the "opportunity" to abide by their sanctions as a "warning shot" which, if ignored, will result in such nations being removed from the US dollar system.
Iran has a 'two year plan' to counter sanctions, economic minister says
Iran has a 'two year plan' to counter sanctions, economic minister says Iranian Economy Minister Ali Madanizadeh said that the country has a "two-year plan" to counter new US sanctions announced on Monday, predicting the US will suffer "another defeat" as a result. "They have done everything they could to test the determination of the Iranian people and the country's officials, but they have failed every time. It seems they wished to suffer yet another defeat," Madanizadeh told state television.
Trump unleashes swathe of sanctions on Iran 'enablers'
Trump unleashes swathe of sanctions on Iran 'enablers' Submitted by Yasmine El-Sabawi on Mon, 08/24/2026 - 18:23 The US Treasury Secretary did not name the targets of 'Operation Economic Outcast' or offer a timeline for implementation US Treasury Secretary Scott Bessent speaks to reporters to outline further sanctions against Iran, at the Treasury Department in Washington, DC on 24 August 2026 (Evelyn Hockstein/Reuters) Off US Treasury Secretary Scott Bessent on Monday announced a new wave of sanctions against Iran and its "enablers", towards what he described as an "asphyxiation of this regime" amid the standoff in the Strait of Hormuz. "Iran now faces a very clear choice, with only two paths before them: complete global isolation and a subsistence economy, or a path back to normalcy with an opportunity to rejoin the global economy," Bessent told reporters in Washington, DC. It remains unclear how "a path to normalcy" may work, given the Trump administration has only ever tightened sanctions on Iran since its first iteration in the White House in 2017.
"Launching an economic onslaught against Iran": US Treasury Secy Bessent announces "Operation Economic Outcast"
Washington DC [US], August 25 (ANI): US Treasury Secretary Scott Bessent on Monday (local time) announced the launch of 'Operation Economic Outcast', saying the campaign aims to sever Iran's financial connections around the world and cut off revenue sources supporting the Iranian regime.
U.S. threatens "economic D-Day" sanctions on Iran
NEW YORK, Aug. 24 (Xinhua) -- U. S.
US threatens severe sanctions against countries with economic ties to Iran
Washington launches campaign to isolate Tehran but it is unclear whether it would apply sanctions to China The US has threatened to impose severe sanctions against any country or entity maintaining economic ties with Iran, hoping to achieve with economic measures what military means have so far failed to do. However, it is unclear how far the Trump administration is prepared to go in confronting China, Iran’s biggest trading partner, which has signalled its resistance to US economic pressure to cut off links with an ally. Continue reading...
US unveils economic onslaught against Iran
Irans top negotiator has dismissed the latest threat from Washington as empty bombast US Treasury Secretary Scott Bessent has announced new sanctions against Iran, and threatened to boot any country dealing financially with Tehran out of the US dollar system, in a bid to make Iran an "economic outcast.
US unveils 'economic onslaught' against Iran
Iran's top negotiator has dismissed the latest threat from Washington as empty "bombast" US Treasury Secretary Scott Bessent has announced new sanctions against Iran, and threatened to boot any country dealing financially with Tehran out of the US dollar system, in a bid to make Iran an "economic outcast.
U.S.-WASHINGTON, D.C.-IRAN-NEW ECONOMIC SANCTIONS
(260824) -- WASHINGTON, Aug. 24, 2026 (Xinhua) -- This photo taken on Aug. 24, 2026 shows the U.
Iran Parliament Speaker: US not in an economic position to impose more restrictions on other countries
Iran Parliament Speaker: US not in an economic position to impose more restrictions on other countries Iranian Parliament Speaker Mohammad Bagher Ghalibaf said on Monday that the US is not in an economic position to continue restricting its relations with other countries as the US Treasury announced "unprecedented" sanctions on Iran. In a post on X, Ghalibaf said Iran’s trading partners "have made it clear that they don't take these statements into account anywhere". This comes as US Treasury Secretary Scott Bessent threatened countries allowing Iranian money laundering to be removed from the US dollar, claiming that any economic engagement with Iran "will expose those responsible to the full reach of American power".
US announces 'unprecedented' sanctions against Iran
US announces 'unprecedented' sanctions against Iran US Treasury Secretary Scott Bessent laid out what he described as an "unprecedented" US sanctions campaign against Iran on Monday, warning that every country has a "finite timeline" to shut down activities identified by Washington or face action from the Treasury. The new Iran sanctions will include those on tech, gold, aviation, shipping and covers nearly 60 entities, individuals and vessels. Bessent said President Donald Trump was making phone calls to world leaders with specific requests to cease their interactions with Iran.
Nifty, Sensex end lower as Iran sanctions, high crude and rising bond yields weigh on sentiment
Mumbai (Maharashtra) [India], August 24 (ANI): Benchmark domestic equity indices closed lower on Monday, as investors remained cautious ahead of fresh US sanctions on Iran, while elevated crude oil prices and rising domestic bond yields continued to weigh on market sentiment. The Nifty 50 index closed at 24,219. 05, declining 32.
Iran blacklists 45 tankers in Hormuz escalation
Iran blacklists 45 tankers in Hormuz escalation Iran said that it has blacklisted 45 tankers for violating its rules to cross the Strait of Hormuz, adding that it would take action against future transits and any vessels transferring loads with them. The announcement comes ahead of Washington's expected announcement later on Monday of new measures to isolate the Iranian economy, while the Iranian foreign ministry warned earlier of "consequences" for countries joining in the US economic sanctions on the country.
U.S. to Unveil Broader Campaign to Cripple Iran’s Economy
Treasury Secretary Scott Bessent will hold a news conference outlining the new package of measures.
Iran Pledges to Defy Trump’s Economic Sanctions
Analysts say Tehran could intensify the dispute militarily after attempts to squeeze its economy. An Iranian official vowed “not a single drop of oil” would leave the Gulf.
Trump says Iran 'collapsing' ahead of sanctions announcement
Trump says Iran 'collapsing' ahead of sanctions announcement President Donald Trump said Monday that Iran is "collapsing" hours before the US government was set to announce details of what it says will be crushing sanctions against Tehran. "IRAN IS COMPLETELY COLLAPSING!!! " Trump posted in his trademark all-caps style on his social media platform Truth Social.
Iran vows to retaliate against countries that cooperate with fresh US sanctions
Test of US rhetoric will rest on whether nations such as India, China and Russia view economic threats as credible Iran has vowed to retaliate against any country that cooperates with the US attempt to impose fresh sanctions against Iran in what the Treasury secretary, Scott Bessent, has billed as “the single greatest financial offensive ever marshalled against an adversary”. In advance of the US announcement, the United Arab Emirates, Iran’s single biggest trading partner in the Middle East, announced it was ending all trade with Iran, a move Tehran believes was coordinated between Washington and Dubai. Continue reading...
Sanctions didn't break Iran. They hardened it
Sanctions didn't break Iran. They hardened it Submitted by Mahyar Ramezankhani on Fri, 08/21/2026 - 20:00 Tehran was denied a decade of growth, and given in exchange a tolerance for punishment that few open economies possess Iranian banknotes - households are paying the price (Atta Kenare/AFP) On The Strait of Hormuz has been effectively closed for most of the past six months. Brent crude is trading just below $90 a barrel, and rose about five percent in a single session earlier this month.
