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The Economic Times

National / The Economic Times

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What Bessents economic isolation of Iran could look like

The US Treasury plans new economic pressure on Iran, facing skepticism from critics. Targeting China's oil purchases poses risks to US-China relations and oil prices. Exchange houses in countries like the UAE help Iran move its funds. Secondary sanctions could pressure trading partners, including US allies like Turkey. The administration is considering various options to increase leverage against Iran.

15 Aug 2026 7:55 pm