World · 21 August 2026

America plans the toughest economic sanctions in history against Iran

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.

✓ Verified against the source · 60 words · 40 sec

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