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Bessent threatens new Iran secondary sanctions, says Trump asking world leaders to sign on
Summary by The Los Angeles Editorial Desk Rob Wile and Henry Austin | NBC News , as published by NBC Los Angeles (KNBC)
· August 24, 2026
· 1 min read
Photo: NBC Los Angeles (KNBC) · view original
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Summary created by The Los Angeles Editorial Desk — automated, rule-governed Byline on source page Rob Wile and Henry Austin | NBC News, as published by NBC Los Angeles (KNBC) Original story Read at the source Source published Aug 24, 2026 Indexed here Aug 24, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points The US is launching an economic campaign against Iran's financial connections, aiming to isolate Tehran. Treasury Secretary Scott Bessent has announced plans for new sanctions targeting international entities that facilitate Iranian trade.
Treasury Secretary Scott Bessent has announced plans for new sanctions targeting international entities that facilitate Iranian trade. These sanctions will focus on trade related to shipping, oil, and other areas. The goal is to further isolate Iran by severing its economic connections around the globe.
President Donald Trump is reportedly making phone calls to world leaders to request their cooperation in ceasing trade with Iran. The US is launching an economic campaign against Iran's financial connections, aiming to isolate Tehran.
Further details on the sanctions and the entities affected are available, including the announcement of nearly 60 corporations, individuals, and vessels being sanctioned in multiple jurisdictions.
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Category: business Published: August 24, 2026 Source: NBC Los Angeles (KNBC) Reading time: 1 min
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What is this story about? Treasury Secretary Scott Bessent has announced plans for new sanctions targeting international entities that facilitate Iranian trade. These sanctions will focus on trade related to shipping, oil…
When was this published? This article was first published on August 24, 2026 by NBC Los Angeles (KNBC) and curated for The Los Angeles readers.
Who reported this story? This story was reported by Rob Wile and Henry Austin | NBC News at NBC Los Angeles (KNBC). To learn more about how The Los Angeles selects and reviews stories, see our editorial standards .
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