Oil Prices Fall Ahead of U.S. Vow to Intensify Economic War Against Iran
Treasury Secretary Scott Bessent is expected to announce an escalation of sanctions aimed at further isolating Iranian trade.
Last updated: 2026-08-24 11:37:57 ET
Treasury Secretary Scott Bessent is expected to announce an escalation of sanctions aimed at further isolating Iranian trade.
Bessent told CNBC that the sanctions will be the "toughest" in history.
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The announcement extends a pressure campaign the Trump administration has waged since April under the banner Operation Economic Fury.
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