# US announces economic warfare against Iran, oil prices surge

https://mins.news/en/item/27985

- CGTN, 2026-08-21 02:37 UTC
- World
- Original: https://news.cgtn.com/news/2026-08-21/US-announces-economic-warfare-against-Iran-oil-prices-surge-1PMwr5Njztm/p.html?UTM_Source=cgtn&UTM_Medium=rss&UTM_Campaign=World

> US Treasury Secretary Scott Bessent said Washington will impose “the toughest sanctions in history” on Iran, with the economic pressure likely to prevent a kinetic restart on the battlefield. Iranian Foreign Minister Abbas Araghchi called the strategy a doubling down on failed policies. Brent crude climbed sharply, closing at $93.78 a barrel.

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