World · 21 August 2026
America plans the toughest economic sanctions in history against Iran
United States Department of the Treasury via Wikimedia Commons (CC BY-SA 4.0)
Treasury chief Scott Bessent says the financial pressure aims to avoid new military action in the six-month-old Middle East war. The announcement pushed global oil prices to a three-week high, while Donald Trump warned that any country helping Tehran faces massive consequences. Iran called the plan economic terrorism, and the US will reveal full details on Monday.
Reported by Reuters · How we write briefs