US imposes new sanctions on Iran-linked entities and pressures global leaders
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Donald Trump, Scott Bessent
Global / Iran
August 24, 2026
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Read our editorial policy- Earlier version 18/24/2026, 11:50:31 PM
The US announced sanctions against 60 entities, individuals, and vessels. Entities facilitating money laundering for Iran face removal from the US dollar system. President Trump is personally contacting world leaders to halt economic engagement with Iran.
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US Treasury Secretary announces economic pressure campaign against Iran
US Treasury Secretary Scott Bessent announced plans for 'economic asphyxiation' of Iran. New sanctions target five sectors: digital assets, technology, gold, aviation, and shipping. US aims to sever Iran's financial lifelines and isolate the regime. Oil exports from Iran have dropped significantly due to US naval blockade.
Related book
The Iran Primer: Power, Politics, and U.S. Policy
Author: Robin Wright
This book provides a comprehensive overview of Iran's political landscape, its economic challenges, and the historical context of U.S.-Iran relations, which is essential for understanding the rationale behind U.S. sanctions and the policy of economic isolation.
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