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BUSINESS

BUSINESS latest

Hormuz Strait
August 15th, 2026 - 12:17 GMT
Osama Ali

Osama Ali

Washington is coming for Iran's wallet

ALBAWABA - The United States is developing a new, wide package of economic measures aimed at increasing pressure on Iran, with senior officials describing the planned penalties as among the harshest ever imposed on a single country. The approach will blend financial sanctions, stepped-up maritime enforcement and calibrated military deterrence, but it will also leave diplomatic doors open to allow for the potential of future negotiations, a source familiar with ...
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