US unleashes sanctions against Iran, raises stakes for Hormuz trade flows

Tuesday, 25 August 2026

The United States has launched what it calls an “economic D‑Day” against Iran, with Treasury Secretary Scott Bessent extending sanctions against nearly 60 Iran-linked entities and vessels, raising stakes for oil and LNG trade flows through the Strait of Hormuz.


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Last modified on Tuesday, 25 August 2026 10:52
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