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Treasury Secretary Scott Bessent unveils new US economic sanctions on Iran
Summary by The Los Angeles Editorial Desk Fatima Al-Kassab, Hadeel Al-Shalchi, Emily Feng, Michele Kelemen | NPR , as published by LAist (KPCC / Southern California Public Radio)
· August 24, 2026
· 1 min read
Photo: LAist (KPCC / Southern California Public Radio) · view original
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Summary created by The Los Angeles Editorial Desk — automated, rule-governed Byline on source page Fatima Al-Kassab, Hadeel Al-Shalchi, Emily Feng, Michele Kelemen | NPR, as published by LAist (KPCC / Southern California Public Radio) 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 administration refers to these measures as "Operation Economic Outcast". Treasury Secretary Scott Bessent has announced a new round of US economic sanctions on Iran.
Treasury Secretary Scott Bessent has announced a new round of US economic sanctions on Iran. The administration refers to these measures as "Operation Economic Outcast". The goal is to cut off every economic lifeline that supports the Iranian regime.
Further details on the specific sanctions are available, but it is known that the US already has extensive sanctions on Iran, with some dating back almost 50 years. Recent sanctions were also imposed as recently as June.
The impact of these new sanctions is not fully clear, but they are intended to increase pressure on Iran.
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Category: business Published: August 24, 2026 Source: LAist (KPCC / Southern California Public Radio) Reading time: 1 min
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What is this story about? Treasury Secretary Scott Bessent has announced a new round of US economic sanctions on Iran. The administration refers to these measures as "Operation Economic Outcast". The goal is to cut off every…
When was this published? This article was first published on August 24, 2026 by LAist (KPCC / Southern California Public Radio) and curated for The Los Angeles readers.
Who reported this story? This story was reported by Fatima Al-Kassab, Hadeel Al-Shalchi, Emily Feng, Michele Kelemen | NPR at LAist (KPCC / Southern California Public Radio). To learn more about how The Los Angeles selects and reviews stories, see our editorial standards .
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