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Global Business News

The Economic Times

Global Business / The Economic Times

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Iran says support for new sanctions would be 'act of war'

A strong message came from Iran's security chief, cautioning nations that support the freshly imposed US economic measures. President Pezeshkian defended a recent memorandum as a hopeful step ahead. Although the Strait of Hormuz remained calm, fresh transit restrictions were unveiled. Pakistan's army chief plans a trip to Tehran to facilitate discussions on de-escalating tensions. Concurrently, reports detailed incidents of execution and violence arising in the West Bank and Gaza.

24 Aug 2026 7:16 am