Forex

US Dollar Surges on New Sanctions Against Iran

Guavy AI Editorial Team Published August 25, 2026

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USD

The US dollar strengthened against most major currencies on Tuesday after US Treasury Secretary Scott Bessent announced new sanctions to isolate Iran.

The move aims to pressure Tehran back to the negotiating table and reopen the Strait of Hormuz, a crucial waterway for global oil supplies.

Bessent warned that countries and companies helping Iran hide or move money could face US actions and potentially lose access to the US dollar system.

The Wire

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