US prepares 'economic D-Day' sanctions against Iran
Story essentials
US Treasury Secretary Scott Bessent, Iranian officials, Pakistan Army Chief Asim Munir
Iran, Persian Gulf, Strait of Hormuz
August 24, 2026
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COMPAMIR Editorial Team
The COMPAMIR editorial team brings together public reporting and links to the original coverage. We update the page as new information emerges.
Read our editorial policy- Earlier version 18/24/2026, 1:30:24 PM
The US is launching a major financial offensive against Iran. Iran threatens to block oil exports from the Gulf in retaliation. Pakistan's army chief is in Tehran for mediation efforts.
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US to impose new financial sanctions on Iran; Tehran threatens maritime retaliation
Treasury Secretary Scott Bessent announced a major financial offensive against Iran starting Monday. Iran threatened to seize vessels violating transit rules in the Strait of Hormuz. The escalation follows the expiration of a 60-day ceasefire window.