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In 'warning shot,' US threatens sanctions on Iran’s trading partners
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In 'warning shot,' US threatens sanctions on Iran’s trading partners
Treasury Secretary Scott Bessent said countries were given "defined timelines" to halt business with Iran or face US sanctions.
Elizabeth Hagedorn
Aug 24, 2026
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Secretary of the Treasury Scott Bessent addresses the audience during opening remarks at the Ministerial on the Resurgence of Political Terrorism at the State Department on July 16, 2026, in Washington, DC. — Photo by Finn Gomez/Getty Images
WASHINGTON — The US Treasury Department on Monday warned of secondary sanctions for countries doing business with Iran, announcing the launch of “Operation Economic Outcast” as the next phase of a pressure campaign aimed at ending the six-month........
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