Iran · Multiple sources
'Economic asphyxiation': US unveils sweeping new sanctions campaign in attempt to isolate Iran
The US' latest move comes six months into a war with Iran that has left peace talks stalled and the Strait of Hormuz blocked.
- Time span
- 24 Aug 2026, 15:27 CEST → 24 Aug 2026, 23:40 CEST
- Sources
- 3 sources
- Reports
- 3
- Trust
- strong · multi-source
Timeline
The US on Monday announced an expansion of secondary sanctions it hopes will "sever every economic lifeline" that sustains Iran, Treasury Secretary Scott Bessent said at a press conference. The expanded sanctions target Iran's digital assets, technology, gold, aviation and shipping sectors.
Iran’s Minister of Economy Ali Madani-Zadeh has responded to the US announcement of a new economic pressure campaign.
The US' latest move comes six months into a war with Iran that has left peace talks stalled and the Strait of Hormuz blocked.
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