US to Impose Weekly Secondary Sanctions on Iran
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Treasury Secretary Scott Bessent announced plans to impose new secondary sanctions on Iran, starting with banks linked to the regime, according to a Reuters report cited by @Cointelegraph on August 31, 2026. The measures will be unveiled weekly.
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The context
The announcement comes amid heightened tensions between the US and Iran. Secondary sanctions target entities that do business with the sanctioned country, potentially affecting global financial flows and energy markets. Oil, gold, and other assets are likely to be closely watched as the measures unfold.
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