Trump
President Donald Trump speaks and announces action to help farmers and ranchers with meat processing, as a group of farmers and ranchers stand behind, Friday, Sept. 4, 2026, in the Oval Office of the White House, in Washington.
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The U.S. Treasury has imposed sanctions on the Turkish bank Golden Global Yatirim Bankasi Anonim Sirketi. This move is part of the Trump administration's effort to cut financial ties with Iran. Last week, the administration launched "Operation Economic Outcast" to isolate Iran from global trade partners. The U.S. has also resumed military strikes, signaling a dual approach of economic pressure and potential military escalation. Despite these efforts, Iran has not yielded to the sanctions or the intermittent bombing campaign. Meanwhile, diesel prices in the U.S. hit a record high as the conflict disrupts fuel supplies.
