August 20, 2026, 04:40 GMT (10:10 AM Sri Lanka local time)
President Donald Trump has announced what he described as the “most crushing sanctions ever imposed” against Iran, targeting any nation or company that continues to trade with Tehran. The sweeping measures mark a dramatic escalation in Washington’s economic warfare, effectively isolating Iran from global markets and intensifying pressure on allies such as South Korea and NATO members who rely on Iranian oil.
Trump framed the sanctions as an “Economic D-Day,” declaring that the United States will not tolerate defiance of its demands on nuclear and regional security. Analysts warn the move could deepen instability across the Middle East, with oil prices already volatile and diplomatic channels stalled. Tehran has vowed to resist, insisting that sanctions will not force concessions, while regional observers caution that the economic chokehold risks pushing the conflict into a more dangerous phase.
(Source – Al Jazeera)
—Agencies
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