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US Launching 'Economic Onslaught' On Iran, Demands Countries Cut 'Lifelines' That Sustain Tehran

24 Aug 2026, 18:18 GMT By Alex Raufoglu
US Launching 'Economic Onslaught' On Iran, Demands Countries Cut 'Lifelines' That Sustain Tehran
Credit: Alex Raufoglu

US Treasury Secretary Scott Bessent announced a new effort to ramp up the pressure on Tehran, saying the United States is "launching an economic onslaught against Iran’s financial connections around the globe."