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Event Brief

Trump pledges new restrictions to damage Iran’s economy

Trump says the U.S. will levy unprecedented restrictions on Iran as early as next week, targeting trade, assets, and maritime activity.
WHO: Donald Trump
WHAT: Pledged severe economic damage on Iran via unprecedented U.S. restrictions
WHEN: Reported Aug 16, 2026 at 12:03 PM ET
WHERE: USA
WHY: To inflict severe economic damage on Iran following Treasury’s announcement of unprecedented restrictions.

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