Iran faces 'greatest financial offensive ever', says US treasury secretary
Scott Bessent says the US will sever all economic ties with the country and that any nation partnering with Iran financially will also be isolated.
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Iran's Currency Plunges As Washington Readies 'Economic D-Day'
Irans alreadybattered economyis showing renewed signs of stress as Washington prepares to unveil what US officials have described as some of thetoughest sanctions yetagainst Tehran. The Iranian currency fell to a new low on August 24, with the dollar reaching 2,016,400 rials on the open market.
Oil Prices Fall Ahead of U.S. Vow to Intensify Economic War Against Iran
Treasury Secretary Scott Bessent is expected to announce an escalation of sanctions aimed at further isolating Iranian trade.
Iran's currency drops to record low, tracking websites show
Iran's currency drops to record low, tracking websites show Iran's currency has dropped to a record low of more than 2,000,000 rials per US dollar, two websites tracking the free market rate showed on Monday. Reporting by Reuters.
Iran warns of 'consequences' for countries joining US economic sanctions
Iran warns of 'consequences' for countries joining US economic sanctions The Iranian Foreign Ministry warned on Monday that there would be "consequences" for countries joining the US campaign of economic pressure against the Islamic Republic. "The necessary warnings have certainly been issued, as any complicity with America in implementing its aggressive actions against Iran will undoubtedly have consequences," ministry spokesman Esmaeil Baghaei said during a weekly press conference. His comments come ahead of Washington's expected announcement later on Monday of new measures to isolate the Iranian economy.
Bessent is expected to announce new measures aimed at isolating Iran.
Treasury Secretary Scott Bessent will hold a news conference outlining the new package of measures.
Deputy FM Scoffs at US ‘Greatest’ Financial Offensive against Iran
TEHRAN (Tasnim) – Iranian Deputy Foreign Minister Kazem Gharibabadi ridiculed US claims of military and nuclear victories over Iran, questioning why Washington would need to mobilize its entire economic apparatus for what it portrays as a defeated country.
China Warns Against Escalation As US Targets Iran Trade
New posts 19:24 Bessent Says US Launching 'Economic Onslaught' On Iran, Demands Countries Cut Trade Ties With Tehran By Alex Raufoglu US Treasury Secretary Scott Bessent speaks to reporters in Washington on August 24.
Less than 20 ships transit Strait of Hormuz over weekend
Less than 20 ships transit Strait of Hormuz over weekend Fewer than 20 vessels have travelled through the Strait of Hormuz during the weekend, data from Kpler showed. Four vessels crossed the strait on Sunday, with 13 others transiting on Saturday. The full count remains unclear, as some ships had switched off transponders on their way through the key waterway.
"Entering the endgame": US Treasury Secy Bessent says "economic D-Day" to begin against Iran
Washington DC [US], August 24 (ANI): US Treasury Secretary Scott Bessent on Sunday (local time) said that the Trump administration is entering the 'endgame' in its campaign against Iran, announcing what he called an 'economic D-Day' aimed at severing Iran's economic lifelines.
"Entering the endgame": US Treasury Secy Bessent says "economic D-Day" begins against Iran
Washington DC [US], August 24 (ANI): US Treasury Secretary Scott Bessent on Sunday (local time) said that the Trump administration is entering the 'endgame' in its campaign against Iran, announcing what he called an 'economic D-Day' aimed at severing Iran's economic lifelines.
Will Iran bend or escalate as US launches economic war?
Iran’s leadership may see an end to the war as necessary under mounting US economic pressure, but that does not mean Tehran will heed Washington’s demands, experts say, warning that the pressure could instead drive it toward further escalation.
"Vessels violating Iranian protocols for Strait of Hormuz" shall face fines, detention, confiscation: Iran
Tehran [Iran], August 24 (ANI): Iran's Ports and Maritime Organization (PGSA) has warned vessels violating its protocols for the Strait of Hormuz that they could face restrictions on future passages, including fines, detention or confiscation.
Several Iraqi oil tankers allowed through Strait of Hormuz by Iran
TEHRAN, Iran: Iran has granted permission to several Iraqi oil tankers to pass through the Strait of Hormuz after repeated requests from Baghdad, Iran's state news agency IRNA reported on August 22. IRNA said special permission for Iraqi tankers was one of Iraq's main requests during Iranian parliament speaker Mohammad Baqer Qalibaf's visit to Iraq.
Iranian parliamentary committee approves provision to charge ships in Hormuz
Iranian parliamentary committee approves provision to charge ships in Hormuz Iranian parliament advanced a provision in a draft law on Sunday allowing Tehran to charge ships passing through the Strait of Hormuz. The parliament's National Security and Foreign Policy Commission approved Article 3 of its "Strategic Action to Ensure the Security and Progress of the Strait of Hormuz" plan, Iran's IRNA news agency reported. Based on the article, a fee will be charged for services "including maritime, environmental, fueling under special conditions, insurance, safety, and other services provided in the Strait of Hormuz.
Araghchi dismisses Trump's sanctions threat as "old bullying tactic", says "we know how to deal with it"
Tehran [Iran], August 23 (ANI): Iranian Foreign Minister Seyed Abbas Araghchi on Sunday dismissed renewed US threats of economic sanctions as a 'recurring scenario,' stating that Washington has no choice but to speak respectfully to the Iranian nation.
IRGC Dismisses US Threat of Economic War
TEHRAN (Tasnim) – The Islamic Revolution Guards Corps (IRGC) spokesman dismissed the US threat of an intensified economic war against Iran as an implicit admission of its military defeat, saying Washington has been waging economic warfare against Tehran for decades.
Cyber attack shut down UK power plant - Telegraph
The facility was reportedly put out of operation for four days after an Iran-linked hack A small-scale British power plant was taken offline because of a cyber attack, with UK authorities blaming an Iranian-linked hacking group, The Telegraph reported on Saturday.
Iran vows 'not a single drop' of oil will leave Gulf if region complies with US plan
Tehran has warned neighboring states it will close the Strait of Hormuz if they take part in Washington's economic pressure campaign Iran has said that not "a single drop of oil" will leave the Persian Gulf and threatened to attack alternative export routes if neighboring states take part in the US
Iranians voice economic despair as dollar nears 2 million rials
Iranians described deepening financial hardship and questioned whether economic pressure can change government policy as the dollar climbed toward 2 million rials, setting another record on Sunday.
