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Bessent Sanctions
- U.S. Treasury Secretary Scott Bessent announced a sanctions campaign against Iran on August 19, 2026.
- The report stresses expanding economic pressure, citing shipping costs rising from $3,000 to $12,000 per container and the UAE halting trade with Iran.
- Iran’s security chief Mohsen Rezaei warned Tehran may attack tankers using routes beyond the Strait of Hormuz.
- The United Arab Emirates announced it will stop all trade with Iran, ending $21 billion of 2024 imports.
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