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Economy News

The Economic Times

Economy / The Economic Times

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Every country backing Iran should brace for US sanctions, warns Bessent

United States Treasury Secretary Scott Bessent announced a new sanctions campaign targeting Iran. He warned all countries have a defined timeline to cease identified activities. President Donald Trump is contacting world leaders with specific requests to end interactions. Economic engagement of any kind with Iran will expose parties to American power. The United States will enforce a zero leakage approach to Iran sanctions.

24 Aug 2026 10:53 pm