US announces new sanctions on Iran, threatens to punish countries, entities trading with it

Premium Times Nigeria | 25-08-2026 07:13am |

The United States has announced new sanctions against Iran, with Treasury Secretary Scott Bessent describing the measures as an 'economic onslaught' aimed at severing Iran's financial connections. The sanctions target entities and countries that trade with Iran, with the goal of isolating Tehran economically until it stands alone. The announcement was made in a statement from the US Treasury Department.

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