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On 23 August 2026, the United States vowed an 'economic D-Day' against Iran as it prepared to unveil new sanctions. Bessent said an economic D-Day is coming for Iran. Iran called the sanctions an 'act of war', said they will fail, and threatened to halt all oil exports. An IRGC spokesman said Iran has a scenario to avoid their impact.
Iran's currency hit an all-time low against the US dollar, and the government signaled a fuel price hike. Ghalibaf said the economic war will boomerang on the US economy. Iranian officials also threatened supporters of the US measures, including Gulf states, and oil prices fell as the US prepared the sanctions.
by WorldBrief & Maksim Micheliov | AI-generated summary
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