Trump admin unveils anti-Iran global sanctions plan, signals China not exempt
The Trump administration unveiled a plan to isolate Iran’s economy by threatening to impose secondary sanctions on the Islamic Republic’s “enablers.” Source link
Foreign policy
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Ottawa and Washington head for all-out trade war
Roberto Machado Noa | Lightrocket | Getty Images The Canadian dollar fell on Monday morning after trade talks between Ottawa and Washington fell apart, leaving both sides facing higher prices on a wide array of imported goods. The U.S. on Saturday slapped 50% tariffs on around $20 billion worth of imports from Canada, its second-biggest…
Iran warns of Hormuz ship seizures ahead of Bessent’s planned sanctions push
U.S. Treasury Secretary Scott Bessent speaks to reporters at the White House in Washington, D.C., U.S., Aug. 20, 2026. Kevin Lamarque | Reuters The U.S will unveil “the single greatest financial offensive ever” against Iran on Monday, Treasury Secretary Scott Bessent said, while Tehran threatened to seize vessels that violate transit rules in the Strait…
Treasury Secretary to announce Iran sanctions
Treasury Secretary Scott Bessent will hold a press conference Monday to announce sanctions against Iran that he described to CNBC as the greatest campaign of “coordinated economic isolation in the history of the world.” “At dawn begins an economic D-Day — the single greatest financial offensive ever marshalled against an adversary,” Bessent said in an opinion piece…
Small UK power generator shut after Iran-linked cyberattack: report
Fiber optic cables feed into switches inside a communications room at an office in London, UK, on Monday, Oct. 13, 2025. Photographer: Jason Alden/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images A small power plant in the U.K. was shut down for four days in July following a cyberattack carried out by hackers…
U.S.-Canada trade talks collapse, ushering in wave of new tariffs
US President Donald Trump speaks with Canada’s Prime Minister Mark Carney during a work lunch as part of the G7 summit, in Evian, eastern France, on June 16, 2026. A G7 summit is set to take place June 15 to 17 in the French town of Evian-les-Bains near Switzerland and it will be attended by…
Ahead of tough new U.S. sanctions, Iran maintains harsh rhetoric
Veiled pro-government supporters carrying flags take part in a ceremony commemorating the memory of Iran’s late Supreme Leader Ayatollah Ali Khamenei at the Imam Khomeini Grand Mosque in downtown Tehran, Iran, on August 18, 2026. (Photo by Morteza Nikoubazl/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Iran maintained its harsh rhetoric Saturday against…
U.S. military aided passage of 660 million barrels of oil through Hormuz since May
The U.S. military has helped tankers transport more than 660 million barrels of crude oil through the Strait of Hormuz since early May, Central Command told CNBC this week. The military has assisted about 1,300 commercial vessels sail through Hormuz over the same period, said U.S. Navy Capt. Tim Hawkins, a Central Command spokesperson, in…
U.S., Canada near final trade deal as Trump tariff deadline looms
Dominic LeBlanc (C), Canada’s minister in charge of US-Canada trade, arrives to meet with US Trade Representative Jamieson Greer at the headquarters of the Office of the United States Trade Representative in Washington, DC, on August 20, 2026. Mandel Ngan | AFP | Getty Images The U.S. and Canada have yet to announce a final…
Oil rises after Bessent says U.S. will collapse Iran with economic pressure
Oil moved higher Thursday after Treasury Secretary Scott Bessent said the U.S. will impose the toughest sanctions in history against Iran. “We have the blockade and we are going to have the toughest sanctions in history,” Bessent told CNBC in an interview. “This will work. It worked in Venezuela once we put up the blockade….