An ‘Economic D-Day’ That Must Overcome a Troubled History
The U. S. has spent 20 years promising ‘crippling sanctions’ on Iran.
Filter by source ▾
"No one is above the reach of US sanctions": Treasury Secretary Bessent signals China not exempt over Iran ties
Washington DC [US], August 25 (ANI): US Treasury Secretary Scott Bessent on Monday (local time) signalled that China would not be exempt from potential US sanctions over economic ties with Iran, while stopping short of directly confirming whether Chinese banks would be targeted, CNN reported. 'No one is above the reach of US sanctions,' Bessent said while addressing a press conference on Monday.
Trump Administration Announces New Series of Sanctions Against Iran
Scott Bessent, secretary of the Treasury, unveiled what the administration describes as its most comprehensive assault to date on Iran’s economy. The plan, called Operation Economic Outcast, would sanction more than 60 entities that aid Iran’s nuclear and missile programs.
UN offers to facilitate fertiliser transit through Strait of Hormuz
UN offers to facilitate fertiliser transit through Strait of Hormuz UN Secretary-General Antonio Guterres offered on Monday to facilitate the transit of fertiliser through the Strait of Hormuz which has been disrupted as a result of the US-Israel war on Iran. “The purpose is simple: to reduce immediate risks, support more orderly and predictable transit and help rebuild the confidence necessary for diplomacy and de-escalation,” he said at a news conference. Guterres said the UN “would not authorise passage” through the strait or “alter the rights or obligations” of states under international law, but rather serve as a “neutral facilitator”, registering and verifying ships carrying fertiliser and related products.
Netanyahu congratulates Trump on expanded Iran sanctions
Netanyahu congratulates Trump on expanded Iran sanctions Israeli Prime Minister Benjamin Netanyahu congratulated US President Donald Trump and Treasury Secretary Scott Bessent on the announcement of new sanctions on Iran, dubbed "economic D-Day" by the administration, on Monday, according to a statement from the prime minister's office posted to social media. "You justly exact a steep price from that cruel dictatorship and from those who assist its continued aggression," the statement said. Prime Minister Benjamin Netanyahu: Congratulations President @realDonaldTrump and Secretary @SecScottBessent on the latest sanctions against the Iranian regime.
"Not in an economic position to further restrict relations": Iran's Parliament Speaker Ghalibaf hits back at US
Washington DC [US], August 25 (ANI): Iran's top negotiator Mohammad Bagher Ghalibaf on Tuesday hit back at US Treasury Secretary Scott Bessent's threat of new sanctions against countries maintaining economic ties with Iran, saying the United States is not in an economic position to further restrict its 'relations with other countries'.
Tehran gas stations run dry as Iran’s fuel deficit bites
Reports of gasoline shortages spread across Tehran on Monday, with filling stations closing after running out of fuel and motorists describing long searches and queues for increasingly scarce supplies.
"Warning shot and a level-set of expectations": Treasury Secy Bessent defends US sanctions threat on Iran ties
Washington DC [US], August 25 (ANI): US Treasury Secretary Scott Bessent on Monday (local time) defended the decision to hold off on imposing major sanctions against countries with economic ties to Iran, calling the 'economic D-Day' announced Monday a 'warning shot,' CNN reported. 'We believe that a warning shot and a level-set of expectations is appropriate,' Bessent told a CNN reporter at a press conference.
A New Effort to Punish Iran
The Trump administration says it will try to cut the country off from the global economy by targeting its trading partners.
Update: U.S. threatens "economic D-Day" sanctions on Iran
NEW YORK, Aug. 24 (Xinhua) -- U. S.
"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.
