Iran War
In this photo released by Islamic Consultative Assembly News Agency, ICANA, Iran's Parliament Speaker and top negotiator Mohammad Bagher Qalibaf, right, speaks with Pakistan's Army Chief Field Marshal Gen. Asim Munir during their meeting in Tehran, Iran, Monday, Aug. 24, 2026.
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Treasury Secretary Scott Bessent has announced a new round of sanctions aimed at Iran. At a news conference Monday, he also warned every country that does business with the Islamic Republic to sever those financial ties or face retaliation from the United States. The sanctions aim to further cut off Iran from the rest of the world economy after President Donald Trump pledged last week to unleash an “economic D-Day” against Tehran. Washington has promised the new sanctions would put even more pressure on an Iranian economy already battered by previous sanctions and a U.S. naval blockade.
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