August 26, 2026
Scott Bessent announced what the Treasury called an "economic onslaught", combining new sanctions with threats against Iran's trading partners — but stopped short of the harshest measures and named no countries or dates.
August 26, 2026
An adviser to the finance minister says engagement with Washington on a $10 billion bilateral stabilisation facility has been "constructive", with a response expected in a couple of months.
August 24, 2026
Field Marshal Asim Munir travels to Tehran on Monday, the same day the US Treasury details what Washington calls the greatest financial offensive ever marshalled against Iran. Islamabad has been relaying messages between the two capitals since brokering an April ceasefire.
August 23, 2026
Washington has sanctioned Iran for nearly five decades and added a naval blockade since February. Ahead of Monday's Treasury announcement, the remaining options run mostly through China — and through the buyers rather than the seller.
August 23, 2026
Tehran has denounced US plans for new sanctions ahead of a Treasury announcement on Monday. Oil shipments through the Strait of Hormuz are at a virtual standstill, with Iran threatening to strike unauthorised tankers.
August 22, 2026
Iran's armed forces chief of staff says the response to new US threats will be broad and decisive. The US Treasury secretary will set out the planned financial penalties on Monday, and NATO has convened a meeting on the Strait of Hormuz.
August 21, 2026
Treasury Secretary Scott Bessent says maximum economic pressure makes a large-scale military restart less likely, with details due next week. China, which buys more than 80 per cent of Iran's shipped oil, says sanctions will not resolve the crisis.
July 22, 2026
Pakistan has formally requested a $10 billion Bilateral Exchange Stabilization Support Facility from US Treasury Secretary Scott Bessent, according to a source cited by Reuters. The five-year backstop, which would be channelled through the US Exchange Stabilization Fund, is intended to strengthen Pakistan's foreign exchange reserves, stabilise the rupee and reduce the country's reliance on IMF tranches as its primary buffer against balance-of-payments pressure. Neither the US Treasury nor Pakistan's finance ministry has commented on the request.
June 23, 2026
Treasury's General License waives sanctions on Iranian crude, petrochemicals and petroleum products through Aug 21, contingent on IAEA access and open transit through Hormuz, as Bessent calls talks 'productive' and Vance touts a 'good foundation' for a final deal.
Editor — Hamza Azhar Salam · Write to us with suggestions or tips
October 26, 2026
The Pakistan Daily
October 26, 2026
Frontpage.dev
Frontpage.dev