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U.S. Sanctions Iran’s Aviation, Shipping, Gold, Digital Assets

8/26/2026

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Summary

Story summary

The United States imposed sanctions on Iran’s aviation, shipping, gold and digital-asset sectors.
Treasury Secretary Scott Bessent said Washington may add secondary sanctions on countries that keep trading with Iran.
China warned the sanctions would raise tensions and said cooperation with Iran should not be disrupted.
Iran has largely closed the Strait of Hormuz, which carried a fifth of global oil and gas.

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Story summary

The United States imposed sanctions on Iran’s aviation, shipping, gold and digital-asset sectors.
Treasury Secretary Scott Bessent said Washington may add secondary sanctions on countries that keep trading with Iran.
China warned the sanctions would raise tensions and said cooperation with Iran should not be disrupted.
Iran has largely closed the Strait of Hormuz, which carried a fifth of global oil and gas.