The United States is set to unveil a major financial offensive against Iran, described by officials as an 'economic D-Day,' as Tehran continues to threaten international oil exports.
Iran's national currency, the rial, hit a new record low against the US dollar on August 24, 2026, reflecting market panic over the impending sanctions and the potential for a full-scale war.
China has vowed to protect its own economic rights and interests as the US prepares these measures, signaling potential friction between global powers over the enforcement of the new sanctions.