{"id":861494,"date":"2026-08-20T02:14:11","date_gmt":"2026-08-20T02:14:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/861494\/"},"modified":"2026-08-20T02:14:11","modified_gmt":"2026-08-20T02:14:11","slug":"australia-news-live-grim-week-for-professional-sport-says-wells-trump-announces-new-sanctions-targeting-iran","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/861494\/","title":{"rendered":"Australia news LIVE: \u2018Grim week\u2019 for professional sport, says Wells; Trump announces new sanctions targeting Iran"},"content":{"rendered":"<p>Donald Trump has announced he will hit Iran and other countries with an \u201cunprecedented\u201d package of sanctions aimed to crush the regime\u2019s economy after the two parties failed to strike a deal to end the war.<\/p>\n<p>The US president said any country that allowed its financial institutions, businesses, airports or government entities to provide any type of lifeline to Iran would face \u201cTREMENDOUS Economic Consequences.\u201d<\/p>\n<p>While the US government did not immediately provide specifics, Treasury Secretary Scott Bessent has recently signaled a new sanctions package that would significantly dial up restrictions on Iranian finance.<\/p>\n<p><img decoding=\"async\" alt=\"Treasury Secretary Scott Bessent.\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/08\/586e06c537519ca7451547e50b95baab95f24860.jpeg\"  class=\"sc-d34e428-1 ldCIuB\"\/>Treasury Secretary Scott Bessent.Bloomberg<\/p>\n<p>For example, Bloomberg News reported the US has so far stopped short of targeting Chinese banks that finance Beijing\u2019s oil purchases from Iran. Other measures could target banks and financial institutions all over the world.<\/p>\n<p>\u201cOil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies \u2013 It all needs to stop NOW. You know who you are,\u201d Trump said on Truth Social on Wednesday evening (US time).<\/p>\n<p>\u201cThis will be an ECONOMIC D-DAY, and we need all of our Allies to stand with the United States of America to isolate, and defeat, the Iran threat.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Donald Trump has announced he will hit Iran and other countries with an \u201cunprecedented\u201d package of sanctions aimed&hellip;\n","protected":false},"author":2,"featured_media":861313,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-861494","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/861494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=861494"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/861494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/861313"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=861494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=861494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=861494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}