By Daphne Psaledakis and David Lawder WASHINGTON, Aug 28 (Reuters) – The United States issued additional targeted Iran-related sanctions on Friday after Treasury Secretary Scott Bessent earlier this week threatened further action six months into Washington’s ongoing war with Iran.
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President Donald Trump’s Operation Economic Outcast sanctions aim to collapse Iran’s economy as the rial hits a record 2 million to the dollar.
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The Trump administration aims to have finance leaders from the Group of 20 major economies agree next week on steps to boost economic growth, reduce global imbalances and tackle sovereign debt …
Iran-US war news: Tehran preparing conditions to reopen Hormuz; US-hosted G20 finance meeting to push Iran sanctions – 10 key updates
Iran-US War News: Iranian security chief Mohsen Rezaei said Iran had agreed with Oman on a shipping corridor through the strait, with parts of the route in Omani waters and parts in Iranian waters.
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Treasury Secretary Scott Bessent will make the case for isolating Iran when finance ministers and central bank governors from the world’s major economies meet in Asheville, North Carolina, next week.
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China’s official response to U.S. secondary Iran sanctions has also been muted so far. Beijing responded by saying it would “take all necessary measures” to protect itself, but did not elaborate on possible actions. When asked about communication with the U.S. on Iran, a foreign ministry spokesperson said there was no information to share.