Crosswire — August 26, 2026
DAILY BRIEFING — August 26, 2026
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GEOPOLITICS
US-Iran: Sanctions Package Lands — But the Ceasefire Question Hangs in the Air
The US formally unveiled "Operation Economic Outcast" — nearly 60 entities, individuals, and vessels tied to Iranian oil trade and sanctions evasion. Treasury Secretary Bessent called it "the single greatest financial offensive ever" against Tehran. Iran's economy minister claims Tehran has a two-year contingency plan and is "fully prepared."
But here's the twist: Russian sources are reporting that Tehran and Washington have actually reached a consensus on a…
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