Washington — Treasury Secretary Scott Bessent is holding a press conference Monday at the Treasury Department as the Trump administration announces the details of what it’s calling “economic D-Day” for Iran. Bessent is expected to broaden the administration’s current sanctions regime with the threat of stronger secondary sanctions on entities and countries that transact with…
President Trump threatened this week to wield an “unprecedented” level of economic warfare against Iran, and Treasury Secretary Scott Bessent vowed to “collapse” the Islamic Republic regime with the “toughest sanctions in history.” But the effectiveness of a bolstered economic campaign against Iran may rest largely on one close U.S. ally in the Persian Gulf,…
International standards are often assumed to be a modern invention. They are not. Many predate the United Nations itself; the International Labour Organization (ILO), for instance, was established under the League of Nations and only later folded into the UN system. Countries have long used such standards to strengthen governance, build credibility, and integrate into…
The Trump administration on Friday announced its eighth round of Iran-related sanctions as diplomats race to secure a deal on the Strait of Hormuz. The new sanctions target Iran’s banking system and companies across multiple countries that the Treasury Department says launder hundreds of millions of dollars. “Every facilitator that keeps the regime afloat is…
ISLAMABAD: Pakistan and Iran on Tuesday reiterated their resolve to expand bilateral trade to $10 billion, with Commerce Minister Jam calling for transforming “historic brotherly relations” with Iran into a robust economic partnership. Since March this year, both countries have rolled out a series of measures to facilitate border trade, including easing customs procedures, formalising…
