NewsNBC Miami PoliticsAugust 24, 2026Miami-Dade
Treasury Secretary Scott Bessent announces new secondary sanctions targeting Iran's global trade partners
Treasury Secretary Scott Bessent announced a new wave of sanctions targeting international entities that facilitate Iranian trade in shipping, oil, crypto, gold, and aviation. The U.S. is pressuring global trade partners to cease economic relations with Tehran, threatening to remove any entity facilitating money laundering for Iran from the U.S. dollar system.
Read the full story at NBC Miami PoliticsWhy It Matters
These sanctions aim to isolate Iran's economy by targeting third-party countries and corporations, potentially impacting global supply chains and the cost of goods for U.S. residents if trade relations with major partners like China and India are disrupted.
Key Facts
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Who's Mentioned
personScott Bessent“Announced the new sanctions and 'economic onslaught' against Iran.”personMohammad Bagher Ghalibaf“Dismissed the U.S. sanctions as 'bombast' on X.”personMojtaba Khamenei“Reportedly leading the government with hard-liners.”personAlan Eyre“Expert at the Middle East Institute.”locationUnited Arab Emirates“Announced it was ending all trade relations with Iran.”organizationIslamic Republic“The target of the U.S. sanctions and economic pressure.”personAli Madanizadeh“Downplayed the economic threat and warned of retaliation.”personAndrew Gawthrope“Expert on U.S. foreign policy.”personAsim Munir“Met with President Pezeshkian; acts as a mediator.”personMasoud Pezeshkian“Called for the U.S. to stop 'bullying' Iran.”personPete Hegseth“Stated the war has cost the U.S. $37.5 billion and did not rule out further mili”personKazem Gharibabadi“Questioned if the plan was an admission of U.S. defeat.”personAbdolnaser Hemmati“Claimed the new sanctions introduce no new pressure.”personMark Zandi“Estimated the war has cost the average U.S. household over $1,200.”personDonald Trump“Reportedly making calls to world leaders to pressure them to stop trading with I”