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International Business Times UK
International Business Times UK
World
Clark Garret Alvarez

Iran Threatens US Interests After Washington Expands Sanctions and Targets Oil Trade

Iranian officials have rejected the sanctions as economic aggression (Credit: AFP News)

Iran has threatened retaliation against US interests after Washington imposed a sweeping new round of sanctions targeting Tehran's oil trade, shipping networks and other sources of revenue, escalating an already dangerous confrontation in the Middle East.

The United States announced the measures on 24 August 2026, targeting 60 individuals, entities and vessels linked to Iran. Washington said the campaign was designed to cut off financial channels supporting Tehran while warning countries and companies continuing to trade with Iran that they could face further penalties.

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