US to impose ‘toughest sanctions in history’ on Iran, Scott Bessent says
- Posted on August 21, 2026
- By Business News Today
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- 1 min read
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US to impose ‘toughest sanctions in history’ on Iran, Scott Bessent says
United States Treasury chief Scott Bessent announced unprecedented sanctions against Iran. These stringent measures aim to avoid significant new military operations. Oil prices surged following these threats of financial penalties. Iran condemned the sanctions as economic terrorism and vowed defiance. Details of the comprehensive sanctions package will be revealed next week.
