Event details
Iranian Foreign Minister Abbas Araghchi said U.S. threats of crushing economic measures would deepen hostility and public resentment. AP reported Treasury Secretary Scott Bessent had threatened secondary sanctions against countries and companies doing business with Iran.
Context
The exchange moves the crisis further into economic coercion and raises the risk that pressure on third-country trade will outlast any pause in direct attacks.
- Local time
- 10:15 AM UTC time, Aug 20, 2026
- Location
- Tehran, Iran
- Relationship
- Update