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 Sanctions News
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.
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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".
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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.
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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.
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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.
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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.
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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.
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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.
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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...
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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"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.
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