US Unleashes Fresh Sanctions on Iran in Major Economic Offensive to Choke Tehran’s Revenue Sources

Brief by Shorts91 Newsdesk / 06:45pm on 24 Aug 2026,Monday International

The United States has announced fresh sanctions on Iran, stepping up economic pressure on Tehran as talks over a wider peace deal remain unresolved. The new measures are aimed at cutting off Iran’s revenue sources and increasing financial pressure on the country. US President Donald Trump claimed that Iran was “collapsing”, while Treasury Secretary Scott Bessent described the move as a major financial offensive against an adversary. The sanctions come as separate negotiations over the Strait of Hormuz continue. Washington and Tehran remain locked in tensions, with no broader agreement yet reached to ease the ongoing conflict. (PC: X)

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