US Unveils Expanded Sanctions

The United States announced new secondary sanctions targeting Iran to cut off its global financial connections. Treasury Secretary Scott Bessent warned nations to end business ties or face dollar system isolation.

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FILE PHOTO: A woman walks by a mural depicting Iran's late Supreme Leader Ayatollah Ali Khamenei, on a street in Tehran, Iran, August 13, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS/File Photo

The United States unveiled an expanded sanctions package targeting Iran on Monday, aiming to sever global financial lifelines. Treasury Secretary Scott Bessent termed the initiative an economic onslaught designed to isolate Tehran from the dollar-based financial system.

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