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Scott Bessent

An Iranian Mahan Air plane lands at Tehran's Imam Khomeini International Airport on February 4, 2021. (Saeed Kaari/IKAC via AP)
September 8, 2026, 9:52 pm
US Treasury slaps sanctions on Iranian airlines, accuses them of transporting arms
Targets include nine companies based outside of Islamic Republic, but unclear if Chinese firms to face sanctions, as US seeks to up economic pain on Tehran after 6 months of war
By AFP
US Treasury Secretary Scott Bessent arrives for the G20 Finance Ministerial in Asheville, North Carolina, August 31, 2026. (AP Photo/Gerald Herbert)
September 4, 2026, 7:39 pm
US slaps sanctions on Turkish bank, calling it ‘critical financial lifeline’ for Iran
US Treasury accuses Golden Global Yatirim Bankasi Anonim Sirketi of enabling Iran’s efforts to move oil revenues from China to Turkey and offering services to Iranian finance entities
By Farnoush Amiri
US Sailors signal an F-35C Lightning II on the flight deck of the USS George Washington, in a photo released August 30, 2026. (US Navy photo)
August 31, 2026, 7:54 pm
Trump vows response to Iranian strike on US troops in Jordan as tensions ratchet up
‘We’re going to hit them hard,’ US president says; Tehran source downplays flare-up, says it’s ‘limited and contained’; US vows to persist with economic pressure campaign
By Jacob Magid, Agencies and ToI Staff
US President Donald Trump speaks during a Congressional Space Medal of Honor presentation at NASA Lyndon B. Johnson Space Center in Houston, Texas, on August 28, 2026. (Kent NISHIMURA/AFP)
August 28, 2026, 8:47 pm
US targets Egyptian bank in fresh sanction on Iran as war hits six-month mark
Iran accuses US of ‘state terrorism’ and implores other countries not to cooperate, tell US pressure won’t work; Trump says there are no closures in Strait of Hormuz: ‘That sucker is open’
By Agencies
US President Donald Trump arrives to speak at a campaign rally in Myrtle Beach, S.C., August 21, 2026. (AP/Jacquelyn Martin)
August 28, 2026, 8:41 am
Going all in on sanctions, Trump limits how much he can squeeze out of Iran
Without military pressure, a wide deal covering Iran’s nuclear program, missiles and more is out of reach, experts say, but financial penalties may still create enough leverage for accord on Hormuz
By Nava Freiberg
US Treasury Secretary Scott Bessent speaks at a news conference, August 24, 2026, at the Treasury Department in Washington. (AP Photo/Julia Demaree Nikhinson)
August 24, 2026, 10:40 pm
‘Economic asphyxiation’: US Treasury chief announces new sanctions campaign against Iran
Bessent warns nations that ignore the sanctions and help Tehran will ‘share in the isolation,’ but holds off on announcing secondary sanctions against China, others
By Agencies
Small boats line the shore as cargo ships and other commercial vessels appear anchored in the Strait of Hormuz off Bandar Abbas, Iran, July 27, 2026. (Razieh Poudat/ISNA via AP)
August 24, 2026, 1:42 pm
US warns of ‘economic D-Day’ for Iran as defiant Tehran set to hold talks with Oman on Hormuz
Iran’s rial slumps to record low ahead of sanctions announcement; Tehran charges measures prove US failed in war, says it issued warnings against cooperating with pressure campaign
By Agencies and ToI Staff
Tankers and cargo vessels are seen in the Gulf of Oman, along shipping routes linking the Strait of Hormuz and the Arabian Sea, June 16, 2026. (AP Photo)
August 22, 2026, 7:46 pm
Iran says any country cooperating with new US sanctions will be ‘considered an enemy’
US has presented new sanctions as ‘toughest in history,’ is urging China — one of Tehran’s top trading partners — to cooperate; oil traffic through Hormuz still near a standstill
By Agencies and ToI Staff
Iran’s Parliament Speaker Mohammad Bagher Ghalibaf gives a press conference at an event marking 40 days since the burial of the late Iranian supreme leader Ayatollah Ali Khamenei, at Imam Hassan al-Mujtaba Mosque in Iraq’s central holy shrine city of Karbala on August 20, 2026. (Karar Jabbar/AFP)
August 21, 2026, 1:57 pm
Iran vows ‘devastating’ response after US threatens toughest-ever economic hit
Iranian army chief vows ‘crushing’ retaliation to ‘enemy’s new threats,’ as parliament speaker accuses US and Israel of ‘cognitive’ warfare while the president calls to end the conflict: ‘We’re in a position of power’
By Agencies
Women walk past a portrait of the late Iranian supreme leader Ayatollah Ali Khamenei, who was killed in US-Israel strikes on February 28, and images of the Iranian flag, on a sidewalk in downtown Tehran, Iran, August 20, 2026. (AP Photo/Vahid Salemi)
August 20, 2026, 11:54 pm
Iran calls Trump’s floated sanctions ‘economic terrorism’ as US set to unveil plans
US treasury secretary vows Washington will ‘collapse’ Islamic Republic regime, promises toughest sanctions yet; US targets Hezbollah with new sanctions, emphasizing ties to Tehran
By Agencies and ToI Staff
US Vice President JD Vance speaks during a congressional roundtable on anti-fraud initiatives in the Indian Treaty Room of the Eisenhower Executive Office Building in Washington, DC, on August 5, 2026. (Mandel NGAN/AFP)
August 14, 2026, 12:04 pm
Vance: Preventing nuclear Iran is the ‘number two’ US goal, after ensuring cheap oil
Trump cabinet members say US could keep its Hormuz blockade indefinitely, Iran to face ‘never before seen’ economic isolation; Iran demands payment for spill from tanker it apparently hit
By Agencies and ToI Staff
US President Donald Trump, left, and NATO Secretary General Mark Rutte attend the plenary session at the NATO summit in Ankara, Turkey, July 8, 2026. (Alex Brandon/AP)
July 8, 2026, 4:57 pm
Trump lashes out at allies at NATO summit, orders trade halt with ‘wasted cause’ Spain
US president complains pact’s members didn’t help in war with Iran, says he still wants to take Greenland, declares Madrid ‘hopeless’
By Agencies
International Atomic Energy Agency Director General Rafael Grossi speaks during a news conference at Fukushima Daiichi nuclear power plant in Okuma, Japan, June 24, 2026. (Kyodo News via AP)
June 25, 2026, 11:57 am
‘War of words’: Nuclear inspection dispute shows US, Iran negotiating in public
Statements by Iranian, US, Israel and UN officials come alongside, and may complicate, multiple negotiations happening simultaneously over uranium stockpile, Lebanon, frozen funds
By AP and ToI Staff
A man walks away after watching as a black plume of smoke rises from a warehouse in the industrial area of Sharjah City, United Arab Emirates, March 1, 2026, following Iranian strikes. (AP Photo/Altaf Qadri)
June 7, 2026, 9:53 am
US considering using Iranian funds to help Gulf states rebuild, source says
US Treasury said preparing to assess damage inflicted by Iran; move could complicate peace talks, which have faltered on release of frozen Iranian funds
By David Lawder, Eman Abouhassira and Ahmed Elimam
Vessels are seen anchored in the Strait of Hormuz, off the port city of Khasab on Oman's northern Musandam Peninsula on May 17, 2026. (AFP)
May 28, 2026, 11:09 pm
Greater proportion of non-Iranian ships crossing Strait of Hormuz, data shows
Singapore, UAE, South Korea and Norway-flagged ships transited waterway over the past week, monitors say, as Washington says Oman pledged not to participate in Iranian tolling
By Agencies
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