Event Brief
Aug 24, 2026 at 2:11 PM ET
US to announce new sanctions measures targeting Iran
By The BriefBrief
The US Treasury Secretary Scott Bessent is expected to announce a new round of economic measures against Iran on Monday, aimed at “squash[ing]” the Iranian economy and “collapse[ing]” the government. The measures could expose banks, oil buyers and refiners, shipping firms, ports and other trade facilitators to secondary sanctions.
WHO: US Treasury Secretary Scott Bessent; US President Donald Trump; Washington
WHAT: Expected announcement of new US economic measures and potential secondary sanctions targeting Iran-linked trade and financial actors
WHEN: Reported Aug 24, 2026 at 12:02 PM ET
WHERE: Iran
WHY: The measures are triggered by the US preparing a new round of punishing sanctions against Iran.
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