12:13 - 24.08.2026

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August 24, Fineko/abc.az. The United States is set to roll out a new package of economic sanctions targeting Iran’s trading partners on Monday. In response, Tehran warned it could halt all oil exports from the Persian Gulf if the economic warfare persists.

US Treasury Secretary Scott Bessent is scheduled to detail the measures during a press conference. Writing in an op-ed for the Financial Times, Bessent described the move as the "single greatest financial offensive" ever marshaled by Washington against an adversary.

While direct military exchanges between Washington and Tehran have paused in recent weeks, the two sides have not engaged in meaningful negotiations to end the nearly six-month-old conflict.