Rial Hits Record Low As Bessent Readies "Economic D-Day" Assault To Isolate Iran
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Source: Zero Hedge
Published: 2026-08-24 20:55 UTC+10:00
Section: General
Factuality Score: 90
Opinion Category: Neutral
Topics: Defence, Middle East, Asia, Military & Defence, Iran, China, Elections, US Politics, Business & Economy, Crime & Justice, War & Conflict, Asia Pacific
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Snippet:
In the coming hours, the Trump administration is expected to unveil a sweeping campaign to economically isolate Iran and its trading partners, with China likely the primary target. The escalation is designed to force Tehran back to the negotiating table, as its only leverage - the Strait of Hormuz - appears to be quickly eroding.
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