Skip to content

Thursday, August 27, 2026

Gigantum.net
Business

Live updates: Bessent teases new Iran sanctions, saying appeasement no longer works

Treasury Secretary Scott Bessent announced a maximum pressure campaign of sanctions against Iran on Monday, dubbing it “Operation Outcast.” He said sanctions would be announced imminently as the Trump administration ramped up its pressure campaign against Iran. The move could also put China in the crosshairs as Iran’s largest trading partner and primary buyer of…

· 215 words· updated August 24, 2026 at 06:27 PM
Treasury Secretary Scott Bessent speaks at a news conference, Monday, Aug. 24, 2026, at the Treasury Department in Washington. (AP Photo/Julia Demaree Nikhinson)
Treasury Secretary Scott Bessent speaks at a news conference, Monday, Aug. 24, 2026, at the Treasury Department in Washington. (AP Photo/Julia Demaree Nikhinson)

Treasury Secretary Scott Bessent announced a maximum pressure campaign of sanctions against Iran on Monday, dubbing it “Operation Outcast.”

He said sanctions would be announced imminently as the Trump administration ramped up its pressure campaign against Iran .

The move could also put China in the crosshairs as Iran’s largest trading partner and primary buyer of its oil, as the Trump administration seeks to force Tehran to end the war and reopen the Strait of Hormuz.

Tensions are also rising between the U.S. and Canada as the two nations trade fresh tariff threats . Canadian Prime Minister Mark Carney has denounced Trump’s latest levies , as Ottawa weighs retaliation.

Missed the Freedom 250 Grand Prix in Washington? Here’s a photo gallery . Driver Kyle Kirkwood won the iconic IndyCar race , which took place on the National Mall on Sunday.

Meanwhile, Vice President Vance is scheduled to deliver remarks at a manufacturing facility in Brewer, Maine. Health and Human Services Secretary Robert F. Kennedy Jr. and Agriculture Secretary Brooke Rollins will also hold a rally centered on childhood nutrition Monday afternoon.

President Trump will join Education Secretary Linda McMahon for an event in the White House Rose Garden at 2:30 p.m. focused on school choice. Later, the president will participate in a pair of telerallies.

Gathered from external sources. Rights to this text belong to whoever originally published it.