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Bessent Unveils New Iran Sanctions as Oil Tops $100

By Drooid · Sep 15, 2026, 2:51 PM UTC · How we work

Summary

Story summary

Treasury Secretary Scott Bessent outlined new sanctions against Iran before a House committee.
He said the United States is conducting its largest economic isolation campaign against Iran.
Oil rose above $100 a barrel, pushing U.S. gasoline prices to $4.32 per gallon.
The consumer price index climbed 3.4% year-over-year, sparking expectations of further rate hikes.

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Story summary

Treasury Secretary Scott Bessent outlined new sanctions against Iran before a House committee.
He said the United States is conducting its largest economic isolation campaign against Iran.
Oil rose above $100 a barrel, pushing U.S. gasoline prices to $4.32 per gallon.
The consumer price index climbed 3.4% year-over-year, sparking expectations of further rate hikes.