{
  "id": 3165549,
  "title": "Join new Iran sanctions or leave the dollar system: Bessent",
  "url": "https://urgent.news/2026/08/25/join-new-iran-sanctions-or-leave-the-dollar-system-bessent",
  "topic": "world",
  "section": "World",
  "published": "2026-08-25T02:07:15.000Z",
  "source": {
    "name": "Asia Times",
    "slug": "asia-times",
    "url": "https://asiatimes.com/2026/08/join-new-iran-sanctions-or-leave-the-dollar-system-bessent/"
  },
  "original_language": "en",
  "account": null,
  "summary": "US Treasury Secretary Scott Bessent announced an expansion of sanctions on Iran, aiming to cut off the country's economic lifeline. According to Bessent, countries that continue to do business with Iran risk being forced out of the dollar-based financial system. The new sanctions target 60 individuals, entities, and vessels, but do not include any Chinese financial institutions suspected of facilitating Iran's oil trade.\n\nThe announcement comes amid heightened tensions between the US and Iran, with the US seeking to pressure Tehran to end its military actions. Iranian Economy Minister Ali Madanizadeh said the country is fully prepared for the US sanctions, stating that Iran has its own tools to respond. Iran has threatened to retaliate against the expanded sanctions, with possible military responses and further reductions in oil exports.\n\nOil prices saw a marginal increase on Tuesday following the announcement, with Brent crude futures up 6 cents to $92.16 a barrel and US West Texas Intermediate crude up 15 cents to $85.12. The US has given countries time to comply with the new directive, but has not specified which countries will be targeted or when the penalties will take effect.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "PBS NewsHour",
        "title": "WATCH LIVE: Bessent expected to announce new round of Iran sanctions",
        "url": "https://urgent.news/2026/08/24/watch-live-bessent-expected-to-announce-new-round-of-iran-sanctions",
        "published": "2026-08-24T16:30:21.000Z"
      },
      {
        "outlet": "Al-Monitor",
        "title": "Oil prices fall as Bessent outlines new steps to punish Iran",
        "url": "https://urgent.news/2026/08/24/oil-prices-fall-as-bessent-outlines-new-steps-to-punish-iran-3130598",
        "published": "2026-08-24T16:30:24.000Z"
      },
      {
        "outlet": "Yonhap News",
        "title": "(URGENT) Bessent highlights digital assets, technology, gold, aviation, shipping for anti-Iran secondary sanctions",
        "url": "https://urgent.news/2026/08/24/urgent-bessent-highlights-digital-assets-technology-gold-aviation",
        "published": "2026-08-24T17:18:12.000Z"
      },
      {
        "outlet": "Bloomberg",
        "title": "Bessent Says ‘Wave of Sanctions’ to Come on Iran",
        "url": "https://urgent.news/2026/08/24/bessent-says-wave-of-sanctions-to-come-on-iran",
        "published": "2026-08-24T18:06:17.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Oil prices fall as Bessent outlines new steps to punish Iran",
        "url": "https://urgent.news/2026/08/24/oil-prices-fall-as-bessent-outlines-new-steps-to-punish-iran",
        "published": "2026-08-24T21:00:00.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Oil prices steady as investors weigh impact of expanded US sanctions against Iran",
        "url": "https://urgent.news/2026/08/25/oil-prices-steady-as-investors-weigh-impact-of-expanded-us-sanctions",
        "published": "2026-08-25T00:25:00.000Z"
      },
      {
        "outlet": "The National UAE",
        "title": "Iran war latest: US announces sweeping new set of sanctions against Iran",
        "url": "https://urgent.news/2026/08/25/iran-war-latest-us-announces-sweeping-new-set-of-sanctions-against",
        "published": "2026-08-25T02:34:22.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Oil prices steady as investors weigh impact of expanded US sanctions against Iran",
        "url": "https://urgent.news/2026/08/25/oil-prices-steady-as-investors-weigh-impact-of-expanded-us-sanctions-3172327",
        "published": "2026-08-25T02:54:29.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}