Trump administration announces global economic war on Iran

Published: Aug 24, 2026 5:53 PM • Updated: Aug 24, 2026 8:06 PM • Original source

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Trump administration announces global economic war on Iran

The US says it is targeting all of Iran’s sources of revenue, including oil, as Trump’s Treasury Secretary Scott Bessent announces an ‘unprecedented’ economic war, warning of severe consequences for countries who continue to trade with Tehran.

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