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Iranian parliament speaker Mohammad Bagher Ghalibaf dismissed US economic threats, saying trading partners do not take them seriously. His remarks follow US Treasury Secretary Scott Bessent's warning of new sanctions and President Trump's announcement of 'economic warfare' against Iran.
Israeli Prime Minister Benjamin Netanyahu said Iran attempted to assassinate one of his sons, without providing details or naming which son. The allegation came during a Channel 14 interview, as he called for enhanced security for political candidates and as Israel heads toward elections and negotiations over Lebanon.
Treasury Secretary Scott Bessent unveiled an 'economic D-Day' campaign targeting Iran, vowing to sever its financial lifelines and threatening consequences for countries that continue dealings with Tehran. The announcement comes as the war sparked by US and Israeli bombings nearly six months ago has reached a stalemate, with oil traffic through the Strait of Hormuz severely disrupted.
The Trump administration unveiled 'Operation Economic Outcast,' a sweeping expansion of secondary sanctions targeting Iran's financial lifelines, as Treasury Secretary Scott Bessent described an 'economic D-Day.' President Trump declared Iran 'completely collapsing,' while Tehran dismissed the measures as a sign of American desperation.
US Treasury Secretary Scott Bessent has threatened Iran with the 'largest coordinated economic isolation campaign in world history', vowing to sever economic ties and isolate any nation partnering with Tehran. Iran dismissed the remarks, warning it could shut oil exports through the Strait of Hormuz, while markets showed limited reaction with oil prices edging lower.
US Treasury Secretary Scott Bessent announced an expansion of sanctions against Iran, calling it 'an economic D-Day' and warning countries to sever financial ties with Tehran or face retaliation. The announcement came as Iran's currency hit a record low, with food prices soaring and the IMF forecasting a sharp GDP contraction.
Iran's Persian Gulf Strait Authority has blacklisted 45 tankers for violating transit rules, warning of fines, detention, and cargo confiscation, and threatening action against vessels involved in ship-to-ship transfers with the listed ships. The move escalates tensions with the U.S., which has threatened new sanctions, amid a conflict that has sharply reduced traffic through the key waterway.
Asian shares mostly declined at the start of a week dominated by bond-market pressure, Iran sanctions, and the Jackson Hole symposium. US futures were lower, while oil slipped. Reports varied on index levels, but the 10-year Treasury yield eased from recent highs after the Treasury's surprise buyback increase.
Iranian state television has aired a video purporting to track Barron Trump's movements and offering a $10 million reward, prompting security concerns. The broadcast, linked to the Revolutionary Guards, follows similar threats against First Lady Melania Trump and other US officials amidst escalating tensions.
Indian government bonds opened on a cautious note in a holiday-truncated week, with the benchmark yield expected to trade between 6.83% and 6.88% after a Friday close of 6.8495%. Elevated Brent crude prices and the threat of US sanctions on Iran weighed on sentiment, while RBI's weekend inflow announcement and policy signals provided some support.
Iran's Supreme National Security Council Secretary Mohsen Rezaei warned that Tehran could halt all oil exports through the Strait of Hormuz and the Persian Gulf if the US continues its economic war. The threat comes amid heightened tensions over US plans for tougher sanctions, with Iranian officials responding defiantly.
Pakistan is positioning itself as a key Middle East diplomatic player, with Army Chief Asim Munir’s visit to Tehran and a trilateral defense pact with Saudi Arabia and Türkiye. The moves signal Islamabad’s ambition to mediate US-Iran tensions and expand its strategic partnerships.
Iran announced the discovery of a gas field containing over 7.5 trillion cubic feet of natural gas in Fars province, with about 5.7 trillion cubic feet recoverable. The announcement comes as Iran faces US sanctions and blockade, and as repairs continue at its South Pars field.
President Donald Trump is considering a new 7.5 percent tariff on Chinese goods over excess manufacturing capacity, according to multiple reports citing people familiar with the deliberations. Officials view the rate as calibrated to preserve a trade truce and a planned late-September meeting with Xi Jinping. The step follows a Supreme Court ruling against earlier reciprocal tariffs and comes amid wider U.S. duties that Asian economies have largely accepted without retaliation.
Jaish-e-Mohammed's Markaz Subhan Allah complex in Bahawalpur, Pakistan, has been substantially restored 15 months after being targeted in Operation Sindoor, with visuals showing rebuilt domes, new marble flooring and fresh plaster. Intelligence inputs cited by multiple outlets indicate Pakistani authorities provided around PKR 25 crore in instalments for the reconstruction, of which roughly PKR 11 crore was spent on the central hall.
Iranian President Masoud Pezeshkian acknowledged on Sunday that Iran is facing 'many problems' as the US prepares to announce new sanctions. Pezeshkian blamed US President Donald Trump for imposing 'crushing and terrifying sanctions' amid a 'full-scale economic, military and security war'. The US has vowed to bring about the 'collapse' of the Iranian regime.
Iranian President Masoud Pezeshkian has defended the memorandum of understanding with the United States as the best way to move beyond a situation of 'neither war nor peace,' even as the 60-day deadline for talks expires without compromise. Meanwhile, the US Treasury is set to announce new sanctions, Iran’s security chief has warned neighbors against joining them, and violence continues in the West Bank and Gaza.
Pakistan's army chief Asim Munir is set to visit Tehran on Monday to continue mediation efforts between the US and Iran, as announced by Iran's foreign ministry. The visit comes amid stalled peace negotiations and looming US sanctions, with Pakistani sources confirming the trip.
National Security Advisor Ajit Doval arrived in Beijing for a two-day visit to attend the 25th round of Special Representatives talks on the India-China boundary issue with Chinese Foreign Minister Wang Yi. The talks come ahead of Chinese President Xi Jinping's expected visit to India for the BRICS summit, with both sides emphasizing the importance of border peace for the wider relationship.
Saudi Arabia's Crown Prince Mohammed bin Salman concluded a two-day state visit to France, meeting with President Emmanuel Macron amid agreements on health, transport, and energy, and discussions on regional security and a Dragon Ball-themed park.