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strikeAug 24, 2026

Bessent unveils sanctions designed to cripple Iran

Summary

Treasury Secretary Scott Bessent announced on Monday that the U.S. will impose punishing sanctions on countries and entities that do business with Iran — an attempt to bring the country to heel absent renewed military strikes.

Source: Barak Ravid — Read the full report

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  • Barak RavidBy Barak Ravid

    Treasury Secretary Scott Bessent announced on Monday that the U.S. will impose punishing sanctions on countries and entities that do business with Iran — an attempt to bring the country to heel absent renewed military strikes. Why it matters: The plan, which Bessent dubbed "Opera…

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