Iran war update: August 21
- The “toughest sanctions in history” are coming on Iran, United States Treasury Secretary Scott Bessent told cnbc yesterday, saying he will announce these new economic weapons at a press conference on Monday.
- America sneaks 10 million barrels of oil out of the Persian Gulf each night, Axios reported Wednesday. The operation has reportedly brought 15 to 20 oil tankers through a secret route near Oman in the Strait of Hormuz for about two weeks.
- Iran threatens Cyprus: Iranian diplomats told their counterparts in Cyprus yesterday that if two British bases on the island nation, Akrotiri and Dhekelia, are used against Iran, it will treat them as legitimate targets. A day earlier, the Financial Times reported Iran was contemplating attacking Cyprus, among other European countries, if Europe gets more involved in the Iran war.
