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August 24, 2026

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Secretary of the Treasury Scott Bessent addresses the audience during opening remarks at the Ministerial on the Resurgence of Political Terrorism at the State Department on July 16, 2026 in Washington, DC. Bessent spoke alongside U.S. Secretary of State Marco Rubio and White House Deputy Chief of Staff Stephen Miller as they discussed the rise of far-left political terrorism as a transnational threat. (Photo by Finn Gomez/Getty Images)

Breaking | Last Updated: August 24, 2026, 2:58 pm

In 'warning shot,' US threatens sanctions on Iran’s trading partners

Treasury Secretary Scott Bessent said countries were given "defined timelines" to halt business with Iran or face US sanctions.

Leon Neal/Getty Images

Oil falls 1.8% as traders await 'toughest' sanctions on Iran

Traders are awaiting details about new US measures sure to further disrupt Iranian oil flows.

Khor Fakkan Container Terminal

Analysis

UAE-Iran trade relationship becomes key test of Trump’s wartime strategy

The Gulf state suspended trade with Iran after new attacks in August. Experts point to risks for both sides as the Trump administration seeks to squeeze Tehran economically.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Hamed Malekpour / Middle East Images / AFP via Getty Images

Iran gambles it can outlast Trump’s 'Economic D-Day'

The Trump administration is considering tighter economic pressure as diplomacy with Tehran appears stalled.

Latest News

Analysis

Can Trump's economic war ultimately force Iran to compromise?

People shop at a store in the Grand Reza Bazaar near the shrine of Imam Reza following the funeral of slain Iranian leader Ali Khamenei and his family members in Mashhad on July 10, 2026.

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

Caught in the middle, Oman shrugs off Trump's latest Iran threat

Win McNamee/Getty Images

Houthis claim new strikes on Saudi Arabia after IRGC warning: What to know

MOHAMMED HUWAIS/AFP via Getty Images)

Elizabeth Hagedorn

Diplomatic Correspondent

In Washington, DC, reporting on diplomacy, regional politics, human rights

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

A correspondent in Tehran

In Tehran, reporting on politics

Benjamin Houghton

In Durham, reporting on China in the Middle East

Rahim Rahimov

In Baku, reporting on Middle East-Caucasus ties

Mehrnaz Samimi

In Washington, DC, reporting on Iranian culture

Iran's International Atomic Energy Agency (IAEA) ambassador Ali Asghar Soltanieh (L) and Hamid-Reza Asgari, a senior advisor in Iran's Atomic Energy Organization, attend a meeting on the Iranian nuclear issue in Vienna with EU, Russian and U.S. diplomats in Vienna's UN headquarters October 21, 2009. High-stakes talks between Iran and big powers that stalled on Tuesday will resume on Wednesday and the U.N. nuclear watchdog chief said a deal was still in reach to help allay concerns about Tehran's nuclear pro

US, Iran Teams Head to Istanbul For Nuclear-Experts Talks

Arms-control officials from Iran and six world powers are heading to Istanbul to discuss a new nuclear proposal as Iranian leaders intensify debate about possible direct US talks, reports Laura Rozen.

Men count wads of Iraqi dinars using money counting machines at a currency exchange shop in Baghdad October 1, 2012. Many Iraqis have lost faith in their dinar currency but to some foreign speculators, it promises big profits. The contrast underlines the uncertainties of investing in Iraq as the country recovers from years of war and economic sanctions. Picture taken October 1, 2012. To match IRAQ-ECONOMY/DINAR REUTERS/Saad Shalash (IRAQ - Tags: BUSINESS POLITICS) - RTR38QU4

Speculation Over Iran's Role In Iraqi Dinar Devaluation

Iran has been accused of meddling in Iraqi financial affairs after the Iraqi dinar lost value against the dollar at the beginning of March, writes Omar al-Shaher.

A Palestinian man walks near placards designed by an activist depicting U.S. President Barack Obama, ahead of his visit to the region, in the West Bank city of Ramallah March 12, 2013. The White House has yet to officially announce the dates for the trip, but Israeli news media have reported that Obama will arrive in the region on March 20. REUTERS/Ammar Awad (WEST BANK - Tags: POLITICS) - RTR3EVUU

US Locked Into the Middle East

While events will not allow the United States to pivot from the Middle East to Asia, the US still needs a coherent strategy for the region, writes Jean-Loup Samaan.

Moshe Yaalon the Chief of Staff of the Israeli army stands in front of the Warsaw Ghetto monument, May 18, 2005. Yaalon is in Warsaw for one day working visit. The memorial is a 1948 tribute to the heroic struggle of Warsaw's doomed Jews and the resistance fighters who helped the 450,000 persons packed into the Warsaw Ghetto by the Nazis during World War Two. REUTERS/Katarina Stoltz KS/AA - RTRBLDC

Moshe Ya'alon Will Bring Balance To Israeli Defense Ministry

Ben Caspit retraces the career of Moshe “Bogie” Ya’alon, the expected choice for defense minister in the new Israeli government.

Israel's Prime Minister Benjamin Netanyahu (R) sits next to Vice Prime Minister Moshe Yaalon during a memorial service for the late Israeli Tourism Minister Rehavam Zeevi at the Knesset, the Israeli parliament, in Jerusalem November 2, 2011. Zeevi was assassinated 10 years ago by Palestinian militants. REUTERS/Baz Ratner (JERUSALEM - Tags: POLITICS ANNIVERSARY) - RTR2TIPX

New Israeli Defense Minister No Threat to Netanyahu's Policies

Israel's next defense minister, Moshe Ya’alon, is not expected to challenge Prime Minister Benjamin Netanyahu on the Iranian threat or the Palestinians issue, writes Mazal Mualem.

EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on leaving the office to report, film or take pictures in Tehran.

Members of the revolutionary guard attend the anniversary ceremony of Iran's Islamic Revolution at the Khomeini shrine in the Behesht Zahra cemetery, south of Tehran, February 1, 2012. REUTERS/Raheb Homavandi (IRAN - Tags: POLITICS ANNIVERSARY MILITARY) - RTR2X5DT

Iran's Man in Iraq and Syria

Iranian Quds Forces leader Qasem Soleimani, who played a central role in post-2003 Iraq, has taken a different slant in his approach to the Syrian conflict, writes Mushreq Abbas.

EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on their ability to report, film or take pictures in Tehran.

Iranian President Mahmoud Ahmadinejad (R) shakes hands with his Syrian counterpart Bashar al-Assad during an official welcoming ceremony in Tehran October 2, 2010. REUTERS/Morteza Nikoubazl (IRAN - Tags: POLITICS) - RTXSXO5

Iranian Parliamentarian SaysAssad Could Win Elections

In an exclusive interview with Mojtaba Mousavi for Al-Monitor, Iranian parliamentarian Ismaeil Kowsari downplayed hopes for a breakthrough in P5+1 nuclear talks with Iran and suggested that Syrian President Bashar al-Assad could win elections in 2014.

Iran's President Mahmoud Ahmadinejad (R) offers his condolences to Elena Frias, mother of Venezuela's late President Hugo Chavez, during the funeral service at the Military Academy in Caracas March 8, 2013, in this picture provided by the Miraflores Palace. Chavez will be embalmed and put on display "for eternity" at a military museum after a state funeral and an extended period of lying in state, acting President Nicolas Maduro said on Thursday. REUTERS/Miraflores Palace/Handout (VENEZUELA - Tags: POLITICS

Ahmadinejad Steals Show At Chavez Funeral

The funeral of Venezuelan President Hugo Chavez was notable for the absence of Arab leaders, while Iranian President Mahmoud Ahmadinejad generated controversy by comforting Chavez’s mother, writes Ali Hashem.

U.S. President Barack Obama talks to the audience before he signs the Violence Against Women Act while at the Department of Interior in Washington, March 7, 2013. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS) - RTR3EPDP

Obama’s Visit to Israel Is All About Iran

US President Barack Obama will have a broad regional agenda when he visits Israel, including the peace process, but the trip is really all about Iran, writes Alon Pinkas.

Members of the Iranian delegation, led by Supreme National Security Council Secretary and chief nuclear negotiator Saeed Jalili (3rd L), sit at a table during talks in Almaty February 26, 2013. World powers began talks with Iran on its nuclear programme in the Kazakh city of Almaty on Tuesday, in a fresh attempt to resolve a decade-old standoff that threatens the Middle East with a new war. REUTERS/Ilyas Omarov/Pool (KAZAKHSTAN - Tags: POLITICS ENERGY) - RTR3EAS0

World Powers Blinked First In Iran Nuclear Talks

Alon Ben David writes that the outcome of the nuclear talks in Kazakhstan has put the option of an Israeli attack back on the agenda in Jerusalem.

Members of the Iranian delegation, led by Supreme National Security Council Secretary and chief nuclear negotiator Saeed Jalili (2nd R), sit at a table during talks in Almaty February 26, 2013. World powers began talks with Iran on its nuclear programme in the Kazakh city of Almaty on Tuesday, in a fresh attempt to resolve a decade-old standoff that threatens the Middle East with a new war. REUTERS/Ilyas Omarov/Pool (KAZAKHSTAN - Tags: POLITICS ENERGY) - RTR3EARU

Will 'Almaty 2' Talks in April Win Breakthrough on Iran?

The Iran-P5+1 talks in Almaty last month were just a start, but the stage is set for a possible breakthrough in the next round, Almaty 2, scheduled for April, writes Seyed Hossein Mousavian.

EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on their ability to report, film or take pictures in Tehran.

The Cyrus Cylinder, a 539-530 B.C. artefact, is seen on display at the National Museum of Iran in Tehran September 12, 2010. Iran has received an ancient Persian treasure from the British Museum after a months-long dispute over its loan to the Islamic Republic, state media reported on Friday. Cyrus is regarded as one of ancient Persia's greatest historical figur

'Cyrus Cylinder' a Reminder Of Persian Legacy of Tolerance

Iran’s government encouraged the British Museum to send the Cyrus Cylinder, an ancient artifact celebrating religious liberty, to the United States, the museum director says.