On August 25, 2026, the U.S. Treasury Department announced expanded sanctions on 60 individuals, entities, and vessels targeting Iran's economy. Iran responded with threats of military retaliation and further cuts to oil exports, warning Washington to "expect an attack."
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
By Yasmine Ghania and David Lawder CAIRO/WASHINGTON, Aug 25 (Reuters) - Iran pledged to fight back against expanded U.S. sanctions aimed at isolating its economy, expressing confidence that major trading partners would resist the pressure campaign and saying that Washington was keen to revive talks. Almost six months into a conflict the U.S. has struggled to resolve, Treasury Secretary Scott Besse
Iran vowed to push back against new US "economic D-day," sanctions saying key trading partners would resist US pressure. Meanwhile, Pakistan reports progress in US-Iran mediation efforts. Follow DW for more.
LONDON, Aug 25 (Reuters) - U.S. Treasury Secretary Scott Bessent announced what his department called "an economic onslaught" against Iran on Monday that combined new sanctions with threats against Tehran's trading partners. His statement stopped short of some of the most punishing sanctions and did not list specific countries that would be targeted, or when those penalties would take effect. Here