Treasury Secretary Scott Bessent announced that the United States will intensify sanctions on Iran. The goal of these sanctions is to reduce Iran's revenues and further isolate the country economically.
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US Announces New Sanctions on Iran
The US government, led by Treasury Secretary Scott Bessent, has declared an escalation of sanctions against Iran aimed at limiting its revenue sources and economic isolation. The announcement was made on August 24, 2026.
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Trump administration announces ‘economic D-day’ sanctions on Iran
US Announces New Sanctions on Iran