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Treasury Announces Sanctions
- U.S. Treasury Secretary Scott Bessent announced that the United States will unveil new sanctions against Iran on Monday, August 24, 2026.
- The sanctions are portrayed as deepening economic hardship for ordinary Iranians while driving U.S. gasoline prices up about one-third.
- Iran’s foreign ministry called the sanctions an extraterritorial claim eroding United Nations-based state sovereignty.
- President Donald Trump’s approval rating fell to 33 % following the sanctions announcement.
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