Iran says it's ready for new U.S. sanctions, has 2-year plan

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Dias, D. (2026, August 24). Iran says it's ready for new U.S. sanctions, has 2-year plan. CBS News. https://www.cbsnews.com/live-updates/iran-war-us-trump-sanctions-strait-of-hormuz/

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

CBS News · collected 2026-08-24 · by Duarte Dias

Quick Summary

Iranian Economy Minister Ali Madanizadeh said on Monday that Iran is prepared to face new US sanctions, which were announced by U.S. Treasury Secretary Scott Bessent and include measures targeting digital assets, gold, aviation, and shipping. The State Department has also offered a $10 million reward for information on key leaders of the Iranian Islamic Revolutionary Guard Corps (IRGC), which it accuses of targeting US personnel and infrastructure with armed attacks and cyber operations. Pakistan's interior minister said that significant progress had been made in talks with Iran's president, while China defended its cooperation with Iran, vowing to safeguard its own rights and interests in the face of new US sanctions. The price of oil fell by 0.6% after the announcement of the new US sanctions.
Written locally by qwen2.5:14b on 2026-08-25, using this article's own text rather than the other coverage of the same event (that is the story summary below).

AI analysis runs on qwen2.5:14b, locally

Story summary

Here is a summary of the news story:

August 24, 2026: The United States has announced new economic sanctions against Iran, which Tehran has vowed to resist. US Treasury Secretary Scott Bessent warned that the sanctions will be "the single greatest financial offensive ever marshaled against an adversary," and that any country's support for these measures will be seen as an "act of war." Iranian officials have responded by vowing to shut down all oil exports from the Gulf if the economic war continues. Meanwhile, a tanker was struck by a projectile off the coast of Oman in the Strait of Hormuz, which has been a focal point of tensions between Iran and the US.

Iran's economy is already under significant pressure due to existing sanctions, and the new measures are likely to exacerbate this situation. The rial has hit a record low against the dollar, and the country's oil exports have been affected by the conflict.

The US strategy appears to be an effort to tighten secondary sanctions, targeting international networks that facilitate money laundering for Iran rather than just adding restrictions on the Iranian economy itself. However, it remains to be seen how effective these measures will be in bringing pressure on Tehran to capitulate.

Key figures involved include

The conflict between the US and Iran has been ongoing for nearly six months, with both sides trading threats and sanctions. The situation remains highly tense, with significant implications for global energy markets and international relations.

Written for “US Iran Sanctions Escalation” on 2026-10-16, grounded in this article and the 41 other(s) covering the same event.

Story

📰 US Iran Sanctions Escalation
Politics · 42 article(s) covering the same event. Compare every outlet's account →

Compared with similar articles

This article reads leans right and hedges 12% of its claims. Each row says how that neighbour differs.
The Independent
⚖️ Leans strongly right further right than this 🔴 7% hedged 4 of 56 📰 publisher trust 59
“Both articles describe US introducing new sanctions against Iran, with identical date and context.”
National Post
⚖️ Leans right 🔴 8% hedged 3 of 36 📰 publisher trust 60
“Both articles mention Treasury Secretary Scott Bessent holding a press conference on Monday, August 24 (or implied to be) to unveil new sanctions against Iran, which is described as an economic isolation plan and a 'financial offensive'”
CBC News
⚖️ Leans strongly left further left than this 🔴 12% hedged 3 of 25 📰 publisher trust 60
“Both articles describe US economic sanctions against Iran, referred to as 'Economic D-Day', unveiled by Treasury Secretary Scott Bessent on Monday”
The Straits Times
⚖️ Leans left further left than this 🔴 6% hedged 1 of 18 📰 publisher trust 60
“Both articles report on the US unveiling new sanctions against Iran and Tehran's response to it, within minutes of each other”
Al Jazeera
⚖️ leaning not scored 🔴 17% hedged 6 of 35 📰 publisher trust 60
“Both articles report on the announcement of new sanctions against Iran by the US Treasury Secretary, made on August 24, 2026.”
BBC News
⚖️ leaning not scored 🔴 4% hedged 2 of 45 📰 publisher trust 69
“Both articles report on Iran's response to new US economic sanctions announced by U.S. Treasury Secretary Scott Bessent, with the same key figures (Ali Madanizadeh and Scott Bessent) and language, suggesting they cover the same event.”
CBC News
⚖️ leaning not scored 🔴 5% hedged 1 of 20 📰 publisher trust 60
“Both articles describe the Trump administration's announcement of expanded U.S. sanctions on Iran targeting countries with business ties to Tehran, made on Monday by Treasury Secretary Scott Bessent.”
Mother Jones
⚖️ Leans strongly left further left than this 🔴 6% hedged 1 of 17 📰 publisher trust 95
“Both articles describe the same announcement of sanctions by US Treasury Secretary Scott Bessent on Monday, August 24th, with details about the targets and scope of the sanctions.”
Los Angeles Times
⚖️ leaning not scored 🔴 18% hedged 9 of 50 📰 publisher trust 95
“Both articles describe the same U.S. sanctions announcement on Iran, quoting the same official (U.S. Treasury Secretary Scott Bessent) and covering the same topic (new sanctions against Iran) on the same day.”
CBC News
⚖️ Leans left further left than this 🔴 8% hedged 3 of 37 📰 publisher trust 60
“Both articles report on the same announcement of new US sanctions by Treasury Secretary Scott Bessent, made on the same day (Monday), with a similar reaction from Iran.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
136
sentences that state something as happening or true
Uncertain
12%
16 of 136 hedged ("reportedly", "may", "according to")
Leaning
Leans right
of the writing, not the subject · beta estimate
Publisher signals
66/100
CBS News's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
42
Politics
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-08-25 · source text last changed 2026-08-25 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

CBS News · 3033 article(s) · 6 correction(s) detected
Running correction rate · 6 correction(s)

Who wrote this

Duarte Dias
18 article(s) here · 1 carrying a prediction
🔮 Mr. Trump also touted Greenland's role in the defense of the United States in Europe, saying that "any future attack" on the U.S. would have to come across the semi-autonomous island, "where our Defense will routinely knock down drones, missiles, or any other form of weapon not yet conceived.
🔮 A spokesperson for Iran's powerful Revolutionary Guard Corps, Gen. Hossein Mohebbi, said Tuesday the only way the war with the U.S. will end is if Washington admits defeat and leaves.
🔮 Mr. Trump publicly rejected the new Iranian proposal last week, and Iran has insisted it will not change its demands.
🔮 The nonpartisan Congressional Budget Office said the war could cost more per month for as long as it goes on.
🔮 His Democratic opponent, David Crowley, responded by saying he was "grateful to God that Congressman Tiffany and no one else was hurt in this horrifying incident, which could have been a tragedy if not for the heroism of the pilot."
🔮 Mr. Trump claimed on Sunday that the war with Iran will end "right after the midterms," adding that "gasoline is going to drop like a rock."
🔮 If confirmed, the move would make it easier for the Houthis to target ships transiting the Bab el-Mandeb Strait, a crucial waterway for Saudi Arabian oil exports.
🔮 Security forces are pursuing those responsible, with further details expected to be released, according to Tasnim.
🔮 In an interview with the BBC, Farage said he was in the middle of campaigning at the time and not aware of all the details from the supposed would-be donor.
🔮 What President Trump's been very focused on is how do we create a framework that could actually build, lead to a durable peace," he added.
Also by Duarte Dias
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 18 articles by Duarte Dias →

Topics

China Iran Iranian Tehran U.S.

Subjects

Iran GPE · 13× U.S. GPE · 11× China GPE · 6× Pakistan GPE · 6× Tehran GPE · 5× IRGC ORG · 4× Iranian NORP · 4× Scott Bessent PERSON · 2× U.S.-Iran GPE · 2× Washington GPE · 2×

Narrative

The news of this year's Ssang Yong drills being called off came a week after the U.S. cut short another major joint military exercise with South Korea, China. , fueling concern in Seoul, and in Japan, that Washington is becoming a less dependable ally in the face of rising andCBS/AFP Iranian currency hits new record low Iran's currency hit a record low against the dollar on Monday as the U.S. government prepared to unveil new sanctions in a bid to further squeeze the country's economy to force Iran's theocratic rulers to capitulate in the nearly six-month war. The rial dropped to 2.02 million to the U.S. dollar as trading opened on informal currency markets.
framing: assertive · carried by 1 article(s) · first seen 2026-08-24
🔮 Last month, the price of Brent zigzagged between $72 and $102 as hopes rose and fell that the United States and Iran could reach a deal that would allow oil tankers to freely exit the Persian Gulf again.
2026-08-25 · CBS News
Iran says it's ready for new U.S. sanctions, has 2-year plan · assertive framing

Claims (136 extracted, 16 hedged)

- Iranian Economy Minister Ali Madanizadeh said Monday that Tehran has been preparing for the announced by the U.S. "for a long time" and that it is ready to face them. asserted
it → say → them
- U.S. Treasury Secretary Scott Bessent threatened on Monday to cut off economic ties to Iranian allies that continue to financially partner with Tehran, and introduced sanctions on digital assets, gold, aviation and shipping. asserted
that → threaten → assets
The moves are part of a shift in U.S. strategy in the nearly six-month war to heap economic pressure on Iran's rulers in the hope of breaking the stalemate between the two countries. asserted
moves → heap → countries
- Pakistan's interior minister heralded "significant progress" after a meeting with Iran's president on Tuesday that focused on the U.S.-Iran war. asserted
that → herald → war
Pakistan was a key mediator in the memorandum of understanding signed by Washington and Tehran in June. asserted
Pakistan → sign → June
State Department offers $10 million reward for information on Iranian IRGC leaders The U.S. State Department said Monday that it was offering rewards of up to $10 million for information on key leaders of Iran's powerful Islamic Revolutionary Guard Corps (IRGC), according to the department's website. uncertain
it → offer → website
The agency's Rewards for Justice program identifies five senior Iranian commanders who it accuses of targeting U.S. personnel with armed attacks and U.S. infrastructure with cyber operations. asserted
it → identify → operations
The State Department says the individuals command or direct various elements of the IRGC and also accuses the force of planning, organizing and carrying out terrorism worldwide. asserted
individuals → say → terrorism
The IRGC has been designated a Foreign Terrorist Organization by the U.S. government for almost a decade. asserted
IRGC → designate → decade
Price of oil falls after U.S. sanctions announcement The price of Brent crude, the international standard for oil, fell 0.6% early Tuesday to $90.04 per barrel. asserted
price → fall → barrel
U.S. benchmark crude oil shed 0.6% to trade at $84.51 per barrel. asserted
oil → shed → barrel
Last month, the price of Brent zigzagged between $72 and $102 as hopes rose and fell that the United States and Iran could reach a deal that would allow oil tankers to freely exit the Persian Gulf again. uncertain
tankers → zigzag → Gulf
The new U.S. sanctions announced Monday helped drag the value of Iran's currency, the rial, to a record low against the U.S. dollar. asserted
sanctions → announce → dollar
While the key oil prices have dipped again slightly this week, they remain up about 35% on the year, compared to pre-war levels, and about 2% higher than they were a month ago. asserted
they → dip → levels
China vows to defend its "rights and interests" in face of U.S. sanctions on Iran China has defended its cooperation with Iran on Tuesday when asked about the new U.S. sanctions on Tehran, which are aimed at pressuring the country's allies asserted
which → vow → allies
A foreign ministry spokesperson said China will "firmly safeguard its own rights and interests," when asked about the new sanctions announced by Treasury Secretary Scott Bessent Monday. asserted
China → say → Bessent
The spokesperson added that China's cooperation with Iran should not be interfered with or disrupted. asserted
cooperation → add → Iran
"China has already stated many times that it firmly opposes illegal unilateral sanctions ... asserted
it → state → sanctions
China will take all necessary measures to firmly safeguard its own rights and interests," foreign ministry spokesman Lin Jian told a regular news briefing. asserted
Jian → take → briefing
Pakistan says talks with Iran yielded "significant progress" asserted
talks → say → progress
Pakistan's interior minister heralded "significant progress" after a meeting with Iran's president on Tuesday that focused on the U.S.-Iran war, according to the Reuters news agency. uncertain
that → herald → agency
Talks between Pakistan and Iran were held on Tuesday and focused on measures to prevent further escalation and the Strait of Hormuz, according to a statement from the Pakistani military quoted by Reuters. uncertain
Talks → hold → Reuters
Pakistan was a key mediator in the memorandum of understanding signed by Washington and Tehran in June. asserted
Pakistan → sign → June
It set an ambitious 60-day deadline for ending the war with Iran and reaching an accord on its nuclear program. asserted
It → set → program
That period ended last week, after weeks of stalled progress and flare-ups, with both sides declaring they had abandoned it. asserted
they → end → it
Projectile hits oil tanker in Strait of Hormuz off Oman coast, U.K. maritime agency says An oil tanker was struck and disabled by a projectile in the Strait of Hormuz off the coast of Oman, causing damage but no casualties, a British maritime agency said. asserted
agency → hit → damage
"The Master of an oil tanker reports the vessel has been struck by an unknown projectile causing damage to the engine room and disabling the vessel," with the crew reported as safe, the United Kingdom Maritime Trade Operations said. asserted
Operations → report → vessel
The incident occurred 9 nautical miles northeast of Ash Shishah in Oman, according to the maritime agency. uncertain
incident → occur → agency
The online statement did not specify the vessel's nationality or direction of travel. asserted
statement → specify → travel
Tehran has imposed an effective blockade of the strait since the United States and Israel struck Iran in late February, and wants to charge tolls for passage, attacking ships it accuses of attempting to circumvent its preferred route. asserted
it → impose → route
U.S. Treasury Secretary Scott Bessent laid out plans on Monday for the "economic asphyxiation" of Iran, as the Middle East war approached its sixth month. asserted
war → lay → month
Iran predicts "another defeat" for U.S. with new sanctions Iranian Economy Minister Ali Madanizadeh predicted on Monday "another defeat" for the U.S., saying the Islamic Republic had a "two-year plan" to counter Washington's ."They have done everything they could to test the determination of the Iranian people and the country's officials, but they have failed every time. uncertain
they → predict → people
It seems they wished to suffer yet another defeat," Madanizadeh told state television. asserted
Madanizadeh → seem → television
"We've been waiting for these plans for a long time, and the government is and was ready and has a two-year plan to manage these events," he added. asserted
he → wait → events
Netanyahu says Iran tried to kill one of his sons Israeli Prime Minister Benjamin Netanyahu said Monday that Iran had attempted to assassinate one of his two sons, without offering further details. asserted
Iran → say → details
"Something incredible happened: Iran targeted one of my sons. asserted
Iran → happen → sons
Iran tried to kill one of my sons," Netanyahu said during a phone interview with Israel's Channel 14. asserted
Netanyahu → try → Channel
The claim came during a discussion about reports that the Shin Bet domestic security agency had declined to provide a security detail for Gadi Eisenkot, the former army chief who is running neck and neck with Netanyahu ahead of elections on Oct. 27. uncertain
who → come → Oct.
Netanyahu voiced support for around-the-clock protection for Eisenkot, saying it was "not a luxury." "Without that, (the Iranians) will succeed," he said. asserted
he → voice → that
Netanyahu has two sons and a daughter. asserted
Netanyahu → have → sons
…and 96 more, not listed.
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