Sanctions and economy reporting on Iran — new designations and relief, oil exports and shipping, banking restrictions, and the effect on the rial and daily prices — collected from independent English-language outlets.
DUBAI/WASHINGTON: Iran said on August 21 that it would respond "crushingly" to any new U. S. threats after Washington said it planned to impose the toughest financial penalties in history in an effort to topple the Iranian leadership.
South Korea has begun a trial voyage via the Northern Sea Route amid disruption to traditional shipping lanes South Korea has launched its first trial container ship voyage to Europe via the Northern Sea Route (NSR), as disruption to traditional shipping lanes drives growing interest in Russia's Arctic trade corridor.
New posts 09:49 Tehran Rejects 'Unprecedented' Sanctions Proposed By US Tehran has dismissed Washington's latest plan for crushing economic sanctions that US President Donald Trump described as "unprecedented" and "economic D-day" for the regime, which is already struggling to arrest the price hike and devaluation of the currency.
TEHRAN (Tasnim) – The Iranian Foreign Ministry’s spokesperson warned that the US’ latest sanctions against Iran go beyond economic pressure on Tehran, arguing that they amount to an attempt to impose US authority on sovereign states around the world.
TEHRAN (Tasnim) – Iranian Foreign Minister Abbas Araqchi dismissed Washington’s latest threat of tougher sanctions against Tehran, saying the new economic pressure campaign is destined to fail just as previous US sanctions efforts have.
US sanctions 'declaration of war on all nations', Iran says Iran’s foreign ministry spokesperson, Esmaeil Baghaei, says new US sanctions against Iran amounted to a “declaration of war” on all countries and went beyond “an illegal economic war against a single nation”, according to Iran’s Fars news agency. Baghaei said: “The announcement of new sanctions represents an attempt by the United States to exert extraterritorial sovereignty over all independent UN member states. ” “No government has the right to force foreign banks, enterprises, or airports, each operating under the exclusive jurisdiction of their own sovereignty, to refrain from engaging in legitimate trade with a third country.
Tehran [Iran], August 22 (ANI): Iran on Saturday slammed the latest economic sanctions announced by the United States, calling them arbitrary and saying they have no basis in international law and violate the principle of sovereign equality enshrined in the UN Charter. The remarks were made by Esmaeil Baqaei, spokesperson for Iran's Ministry of Foreign Affairs, in a post on X on Saturday.
Tanker traffic at Saudi Arabia's Yanbu port falls by a third, report says Tanker traffic at Yanbu, Saudi Arabia's main Red Sea oil terminal, has fallen by more than a third since Yemen’s Houthis announced a blockade of Saudi vessels through the Bab al-Mandeb strait on July 20, Lloyd's List Intelligence reports. To deal with the blockade, Saudi energy giant Aramco relies on a three-part operation to ship crude: shuttle tankers carry crude from Yanbu to Egypt’s Ain Sukhna, the SUMED pipeline pipes it across to Egypt’s Mediterranean port of Sidi Kerir, and vessels reload there for onward delivery, according to the report. While the route keeps Saudi crude flowing, it requires more tankers and adds weeks to voyages for Asian buyers.
Georgia declines to join new EU sanctions against Iran Georgia has declined to join the European Union’s latest sanctions against Iran, saying its foreign policy decisions are guided by national interests, Iran’s state news agency, IRNA, reported. Tengiz Sharmanashvili, a representative of Georgia’s ruling Georgian Dream party in parliament, said Tbilisi decides whether to back international measures based on whether they serve Georgia’s interests at a particular time. “If a decision conflicts with Georgia’s interests, it simply does not matter to us whose interests it serves,” he said, according to IRNA.
Warnings from senior Iranian officials about the cost of prolonging the war are increasingly converging with Washington’s central pressure point: whether Iran can economically sustain the conflict.
Iranian crude loadings have fallen to about one-seventh of their pre-war level under the US naval blockade, while Chinese receipts of Iranian oil and fuel exports have also dropped sharply, tanker-tracking data reviewed by Iran International shows.
Baghdad [Iraq], August 21 (ANI): Iranian Parliament Speaker Mohammad Bagher Ghalibaf has called for Iranian and Iraqi business leaders to develop a plan to beat 'cruel sanctions,' after US Treasury Secretary Scott Bessent warned Tehran of the 'toughest sanctions in history'.
FM Araghchi says US economic pressure campaign is doomed to fail Iranian Foreign Minister Abbas Araghchi said US President Donald Trump’s threat to launch the “most crushing economic operation ever” against Iran was “doomed to failure”. “We’ve seen this movie before; the same old story, just with different bullies,” Araghchi said, adding that US threats to impose the “most crippling sanctions in history” 14 years ago had failed.
Beijing can squeeze U. S. critical mineral supplies and has enough oil to withstand the loss of Iranian crude, Chinese analysts say.
Iran promises to resist interference by foreign 'enemies' as Trump threatens new sanctions Submitted by MEE staff on Fri, 08/21/2026 - 11:11 US Treasury vows 'toughest sanctions in history' in hopes of collapsing Islamic Republic Iran's Parliament Speaker Mohammad Bagher Ghalibaf gives a press conference at an event marking 40 days since the burial of Iran's supreme leader Ali Khamenei in Karbala, Iraq, on 20 August 2026 (Karar Jabbar/AFP) Off Iran’s parliament speaker said efforts by "enemies" to drive Iran and Iraq apart will instead deepen their relationship, as Trump threatened "tremendous" costs for those working with the Islamic Republic. Mohammad Bagher Ghalibaf told an Arbaeen ceremony in the city of Karbala on Thursday that history, geography and shared religious beliefs bound the countries together. “We were two nations that refused to become a footnote in others’ narratives and did not allow our destiny to be written in western capitals,” he said.
Iranian oil prices rise as US blockade tightens supplies to China Iranian crude prices have climbed as fewer cargoes reach Chinese buyers under a tightening US blockade, Reuters reports. Traders said Iranian oil deliveries for September and October had fallen below volumes in July and August. Sellers have already placed much of the crude shipped earlier, leaving fewer barrels available.
How China eased pressure on oil markets by halting purchases and relying on reserves Submitted by Gaspard Rouffin on Thu, 08/20/2026 - 09:23 Beijing’s vast stockpiles and reduced crude imports have helped absorb a supply shock that might otherwise have sent global prices soaring An oil tanker unloads imported crude oil at a terminal in Qingdao Port, eastern China, 16 July 2026 (AFP) Off The closure of the Strait of Hormuz should, in principle, have caused a far greater shock to oil markets than it has. This, in large part, is due to China’s policy of using its strategic stockpiles rather than purchasing crude oil at inflated prices due to the war. Before the war, the strait carried roughly 20 million barrels per day (bpd) – a fifth of global daily oil consumption – with an estimated 10 to 14 percent of global supply remaining inaccessible six months on.
Mohammad Bagher Ghalibaf, lead negotiator in talks with the United States, made the comments after President Trump vowed an “economic D-Day” against Iran.
Fears about the war in Iran, government deficits, the economy and corporate borrowing stirred global markets.
WASHINGTON, Aug. 21 (Xinhua) -- U. S.
1001 sanctions stories in the last 90 days.
