Data-Wave

US economic campaign ‘tacit admission’ of military failure

US economic campaign ‘tacit admission’ of military failure

*Sardar Mohebi, an IRGC spokesperson, says the US resorting to economic warfare against Iran is itself proof of defeat on the battlefield, according to Iranian state media.

*Pakistan’s interior minister says significant progress has been made during talks with Iran’s president to restore a previous memorandum of understanding between Washington and Tehran.

*This comes after US Treasury Secretary Scott Bessent announced that Washington has imposed new sanctions on Tehran to sever all financial support for the regime, adding that President Donald Trump is urging US allies to support the measures.

*The US State Department announced that the new sanctions target Iranian military officials and weapons procurement rings, a network of shippers and brokers moving petroleum through countries like China and the UAE, and cyber actors linked to attacks on critical infrastructure. (Aljazeera, 2026-08-25)