Published Aug 20, 2026, 1:00 PM ET · Updated 3 months ago · 1 source

US economic pressure on Iran targets trade partners and shell companies

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Original Report

The US has announced an 'economic D-day' against Iran, shifting its strategy from naval blockades to targeting Iran's trade partners and shell companies, with the aim of strangling its economy to force concessions or internal change, building on the already low value of the rial.