US imposes sweeping sanctions on nearly 60 Iranian-linked entities, warns of secondary measures

US Targets Iran with New Sanctions as Ship Struck in Strait of HormuzThe US is turning up the heat on Iran with fresh sanctions, and its clear they mean business - Treasury Secretary Scott Bessent warned countries to toe the line, just hours before a ship was hit in the Strait of Hormuz. The incident saw a vessel struck by an unknown projectile 9NM northeast of Ash Shishah, Oman, leaving its engine… #NationalSecurity #Iran #UsSanctions #StraitOfHormuz

mastodon bot · about 3 hours ago

Handelsstreit mit den USA: Kanada kündigt in Zollstreit mit den USA Gegenmaßnahmen an Der Handelsstreit zwischen Kanada und den USA spitzt sich zu. Auf die von US-Präsident Donald Trump verhängten Zölle will Kanada reagieren – wie genau, ist noch unklar.

die zeit · about 3 hours ago

Iran war live: Pakistan reports progress on restoring US-Iran MoU US tells countries to choose between Washington and Tehran, warns Irans trade partners they will face consequences.

aljazeera · about 4 hours ago

Mark Carneys defiance of Trump has Canada cheering Canadian Prime Minister Mark Carney has turned his decision to hold firm against President Trumps tariff threats into a rallying point for Canadians as their trade clash escalates.Why it matters: The mild-mannered former Bank of Canada and Bank of England governor is holding firm against Trump despite the threat of further economic pain for Canadians.Context: Carney campaigned on standing up to Trump but has generally dealt with the unpredictable U.S. president with the measured temperament of his central banking days.That combination of restraint and resolve has made Carney Canadas "man for the moment," Andrea Lawlor, an associate professor of political science at McMaster University in Ontario, tells Axios.Driving the news: Carney walked away from trade talks with the Trump administration Friday and vowed to match new 50 U.S. tariffs "dollar for dollar," winning broad support at home.Corpay chief market strategist Karl Schamotta said Monday that Carney appears to be betting that Novembers midterms will blunt Trumps tariff drive, "opening the way to a mutually beneficial deal."State of play: Lawlor notes Carney has enjoyed a "very extended political honeymoon" since his long-governing Liberal Party was re-elected last year.Carney was already popular before his latest clash with Trump. His approval rating rose 3 points to 60 last week, while a poll conducted during the same period showed most Canadians wanted a tougher approach to U.S. trade talks, days before the talks collapsed.He has also won broad support from provincial premiers across party lines, including Ontario conservative Doug Ford, who has aggressively pushed back against Trumps tariff threats, and Manitoba social democrat Wab Kinew, who said hes "100" behind Carney.Threat level: Carney is under pressure to deliver on his promise that Canadians "are already giving ourselves more than they can take away."Hell have to show how Canada can "give more to ourselves," Lawlor says, including through major projects that create jobs for people facing less stable employment prospects.The risk for Carney is that economic pain could test that support. Canadas unemployment rate is already 6.4, and Lawlor says it could rise if the trade fight drives more steel and auto manufacturing out of industrial hubs such as southwestern Ontario. Screenshot: Ontario Premier Doug Ford/XBetween the lines: Its not all about Carney. Trumps continued threats over tariffs and to make Canada the "51st state" have generated a powerful anti-Trump response among Canadians.The trade standoff has become a matter of sovereignty, not merely tariffs.Carneys central banking background, however, gives him "a skill set of handling extraordinarily difficult situations" requiring responses that are "economically sound and fiscally prudent," Lawlor says.His combination of knowledge and temperament makes him "a really well-suited figure for this moment," she adds.Zoom out: Canadas refusal to accept Trumps terms contrasts with other major U.S. trading partners that have made concessions to avert steeper tariffs, like the EU.Kearneys Drew DeLong says Canada is testing whether "greater strategic autonomy is worth increased trade friction."That test is becoming starker. Trump on Monday told Canada to "fall in line," while Carney said Canada would not accept being treated as a "subsidiary of the United States."What were watching: Lawlor thinks Canadians have little choice but to continue backing Carneys stance, even if the dispute drags on, because Trumps proposed terms are "patently unfair and not sustainable" for Canadian industry.Canada is beginning a long-term effort to shift some of its trade away from the U.S., bringing "short, medium, and long-term pain," she says.Go deeper: Escalated U.S.-Canada trade talks threaten fallout

axios · about 4 hours ago

USA kündigen neue Sanktionen gegen Irans Handelspartner an Die USA wollen den Iran mit neuen Sanktionen wirtschaftlich weiter isolieren. Jede Art von wirtschaftlichem Engagement mit dem Iran werde die Verantwortlichen der vollen Macht der USA aussetzen, warnte US-Finanzminister Scott Bessent.

welt.de · about 4 hours ago

Iran-US war latest: Trump unveils economic D-Day sanctions as Tehran vows to go on the attack Irans new security chief warns Gulf neighbours they will be treated as enemies if they join Trumps economic war

independent · about 4 hours ago

US launches Iran sanctions drive targeting key financial lifelines The United States has launched a broad new sanctions campaign against Iran, with Treasury Secretary Scott Bessent saying Washington aims to cut Tehran off from international finance. The measures target sectors including aviation, shipping, gold, technology and digital assets, while more than 60 entities, individuals and vessels are being blacklisted.

yenisafak · about 4 hours ago

Trump administration plans to revoke 200,000 visas of asylum seekers The move is the latest in the Trump administrations crackdown on immigration. If it happens, the move would mark the largest single mass revocation of visas in US history.

euronews · about 5 hours ago

US launches Operation Economic Outcast to isolate Iran financially Treasury Secretary Scott Bessent on Monday announced the launch of Operation Economic Outcast, an "unprecedented" campaign to sever Irans financial lifelines, warning that entities facilitating Tehrans money laundering will be permanently expelled from the US dollar system.

yenisafak · about 5 hours ago

Wie die Hilflosigkeit der USA im Iran-Krieg zutage tritt Donald Trump schickt seinen Finanzminister vor, um im Iran-Krieg den Befreiungsschlag zu verkünden: Bei einem furiosen Auftritt ruft Scott Bessent den „ökonomischen D-Day gegen Teheran aus. Das, was er in der Sache verkündet, lässt allerdings einen bedenklichen Schluss zu.

welt.de · about 6 hours ago

Trump ber Canada gi etter – Carney nekter President Donald Trump truer Canada med langt verre konsekvenser enn 50 prosent toll dersom landet ikke gir etter for…

aftenposten · about 6 hours ago

Trump administration to revoke visas of foreigners seeking asylum in US, officials say President Donald Trumps administration said on Monday it plans to revoke non-immigrant visas held by foreigners who applied for or are seeking asylum in the United States. The move could affect up to 200,000 people, the Associated Press reported, potentially making it the largest mass visa revocation in US history.

france24 · about 6 hours ago

US Treasury Secretary Scott Bessent on Monday laid out plans for the "economic asphyxiation" of Iran, expanding Washingtons secondary sanctions threats and warning of dire consequences for countries that do not join the campaign. u.afp.com/SVS8

bluesky_AFP English · about 7 hours ago

Ny måling: Stadig mindre støtte til Trump og hans Iran-krig Bare 31 prosent av amerikanerne støtter nå USAs angrepskrig mot Iran, og oppslutningen om president Donald Trump er…

aftenposten · about 7 hours ago

🇺🇸🇨🇳🇮🇷⚡️ — NEW: US Treasury Secretary Scott Bessent declines to say if Chinese banks could face sanctions over Iran ties, saying no one is above the reach of US sanctions, Bloomberg reports. Bessent warned the US will penalize countries that refuse to cut economic ties with Iran. Pressed on China, he would not specify targets but said entities facilitating Iranian oil-to-cash flows will be targeted. He added the US knows the facilitators and implied enforcement is forthcoming. China has purchased up to 90 of Irans oil exports and maintains broader trade with Tehran. @IntelSlava

telegram_Intel Slava · about 7 hours ago

Opinion | Trump Unleashes Scott Bessent on Iran The President redoubles the economic pressure on the regime amid signs its working.

wsj · about 7 hours ago

Etappensieg für Trump bei Briefwahlbeschränkungen

orf.at · about 8 hours ago

Supreme Court sides with Trump administration on mail voting restrictions ahead of midterms The Supreme Court sided with the Trump administration Monday in a case over President Donald Trumps executive order restricting mail-in voting, though it remains unclear how much can…

japantoday · about 8 hours ago

US Treasury Secretary launches Operation Economic Outcast aimed at isolating Iran "Any entity that facilitates money laundering on behalf of Iran will be removed from the US dollar system," US Treasury Secretary Scott Bessent said on Monday.

euronews · about 8 hours ago

Scott Bessent threatens Irans economic partners with more sanctions US Treasury secretary had billed announcement as D-Day for Tehran but stopped short of sweeping action

financial times · about 8 hours ago

US Launching Economic Onslaught On Iran, Demands Countries Cut Lifelines That Sustain Tehran US Treasury Secretary Scott Bessent announced a new effort to ramp up the pressure on Tehran, saying the United States is "launching an economic onslaught against Irans financial connections around the globe."

radio free europe · about 8 hours ago

US Supreme Court allows Trumps mail voting restrictions to proceed Mail balloting has long been a favourite target of US President Donald Trump.

aljazeera · about 9 hours ago

🇺🇸🇮🇷⚡️ — BREAKING: U.S. launches unprecedented Operation Economic Outcast against Iran, targeting Tehran and any supporters, Treasury Secretary Scott Bessent said. ➡️ We are beginning an economic offensive against Irans financial links worldwide, Bessent stated. ➡️ Goal: sever all economic ties sustaining Irans leadership; block revenue streams funding the IRGC, he said, urging world leaders to choose between the U.S. and Iran. ➡️ Iran faces two paths: complete global isolation or a return to normal life, Bessent added. ➡️ Washington announced sanctions on nearly 60 Iran-linked entities, individuals, and vessels tied to nuclear, missile, cyber, and oil sectors. @IntelSlava

telegram_Intel Slava · about 9 hours ago

US-Sanktionen gegen Iran: Operation völlige Isolation Donald Trump will das iranische Regime nun wirtschaftlich zu Fall bringen. US-Finanzminister Bessent kündigt deshalb neue, umfassende Sanktionen gegen Teheran und seine Unterstützer an.

sueddeutsche · about 9 hours ago

The Latest: Bessent warns the world to cut financial ties to Iran or face US retaliation Treasury Secretary Scott Bessent says U.S. secondary sanctions in the pipeline aim to block all potential sources of revenue for Iran, telling nations to cut economic ties to Tehran or face U.S. retaliation

independent · about 9 hours ago

5 ways Irans economy is wilting under Trumps pressure President Trump is escalating economic pressure on Tehran more than six months into the Iran war, aiming to squeeze Iranian leaders into submission.Why it matters: Trumps campaign could test how much economic pain Iran is willing to take before its leaders tap out.Driving the news: Trump declared last week that Iran would face an "economic D-Day" amid the ongoing war. The president has been adamant that Irans economy is "COMPLETELY COLLAPSING!!!"Treasury Secretary Scott Bessent unveiled a plan Monday to cripple Irans economy in what he called the "single greatest financial offensive ever."State of play: Iran previously raised significant revenue from oil exports transported through Hormuz. But that source of income was severely curtailed by the U.S. blockade that began in April.Iran is now relying on domestic taxes, non-oil exports and pre-war oil revenue to fund war efforts.Though its shown no signs of surrender, some Iranian officials have said the country should look to end the war rather than try to endure months or years of economic strain. Some experts believe Iran may lash out militarily before conceding. "Just because the U.S. has decided to pause its full-blown military operation doesnt mean Iran will follow suit," Chris Kennedy, the economic statecraft lead at Bloomberg Economics, told Bloomberg.What theyre saying: Experts say Iran could face severe economic hardship within months that could damage its war efforts and threaten domestic stability."Irans financial lifeline has been cut by the U.S. blockade," William Jackson, a chief emerging markets economist at Capital Economics, wrote on Monday.Jackson suggested the big question is how much "economic pain" Iran is "willing to bear to achieve its military and geopolitical objectives."Heres how Trumps economic headlock is affecting Irans economy:Irans currency is crashingZoom in: The countrys main form of currency, the rial, fell to 2.02 million per dollar Monday, per the Associated Press, largely due to the economic toll of the war.The rial was worth 1.65 million per dollar just before the war (a record low at the time).This means it now takes 22 more rials to buy one dollar. A man counts Iranian rial notes while buying gold coins at a store in Tehran on Jan. 28. Photo: Atta Kenare/AFP via Getty ImagesInflation is devouring paychecksBy the numbers: The International Monetary Fund (IMF) estimated in June that Irans inflation will hit 68.9 in 2026, the highest figure since 1979, according to the Center for Strategic and International Studies.Irans own Statistical Centre reported that July consumer prices rose 87.9 compared to last year, with food and beverage inflation alone jumping more than 128.The report attributed the jump to economic sanctions and regional conflicts.Iranians are facing financial hardshipsWhat theyre saying: The devalued rial and high inflation are making it harder for Iranians to afford basic needs.Ahmad Karimi, a taxi driver, told AP: "Were cutting out fruit, were cutting out protein, weve given up leisure, we even work on weekends."Iranians, already hurting from the countrys economic downturn, have recently been posting grievances on social media. People browse shops at the Grand Bazaar in Tehran on Aug. 24. Photo: AFP via Getty ImagesOil exports have collapsedThe big picture: Irans economic crisis stems largely from the collapse in oil exports caused by the blockade.Iran Central Bank Governor Abdolnaser Hemmati said in August the country, like others in the region, is essentially no longer exporting oil.Flashback: Axios in May reported the U.S. blockade had cost Iran at least $4.8 billion, and its oil reserves have plummeted.The latest: China, normally a major buyer of Iranian oil, said Monday that it is closely monitoring the situation, with a desire to avoid escalation.Jobs are disappearing as recession fears riseBefore the war, Irans economy was expected to grow by 1.1 in 2026, according to the IMF.Irans GDP is now expected to shrink by 5.4 this year, per the IMFs July forecast.The forecast switch came amid rising unemployment, disappearing jobs, and declining business activity, fueling fears of recession.Pressure mounts to concedeWhats next: Iranian President Masoud Pezeshkian said last week it might be better for Iran to "end the war today while we are in a position of strength and dignity" as the country endures economic pressure.Yes, but: Theres little evidence Tehran is close to capitulating, according to an analysis from the Institute for the Study of War and The Critical Threats Project at the American Enterprise Institute.Iranian officials blame the U.S. for the failure of the U.S.-Iran memorandum of understanding (MOU) last month. That makes them believe any concession wont provide economic relief, the analysis says."Regime decisionmaking may therefore take a long time to react to economic deterioration, even as the economy gets much worse," per the analysis.The bottom line: Trump wants to crush Iran with punishing sanctions. But the country has shown before it has a high tolerance for economic pain.Go deeper: 5 scenarios for how the Iran war could end

axios · about 9 hours ago

U.S. threatens countries doing business with Iran, but holds off on penalties for now President Donald Trumps administration on Monday announced a possible expansion of sanctions on countries doing business with Iran as part of what it billed as an "economic D-Day,"…

japantoday · about 9 hours ago

Video: Iran reacts to US economic D-Day sanctions Irans Minister of Economy Ali Madani-Zadeh has responded to the US announcement of a new economic pressure campaign.

aljazeera · about 9 hours ago

USA vil afskære alle økonomiske livliner til Iran

dr.dk · about 9 hours ago

USA tar krafttag mot Iran: Skär av alla livlinor Trump har hävdat att Iran står inför en kollaps.Nu tar USA krafttag – mot Irans ekonomi.– Vårt mål är att skära av varje ekonomisk livlina, säger finansministern Scott Bessent på en presskonferens.

expressen · about 9 hours ago