Canada Doubles Tariffs on US Steel Products up to 50% | Balance of Power: Late Edition 08/25/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Ontario Premier Doug Ford says Canada should answer US tariffs “tariff for tariff and dollar for dollar,” but urges President Donald Trump and Prime Minister Mark Carney to reach a fair agreement. Sen. Ted Cru

Could Trump And Bessent's 'Operation Economic Outcast' Actually End The Iran War?  Forbes

The Morning Risk Report: Bessent Launches ‘Operation Economic Outcast’ to Isolate and Squeeze Iran  WSJ

Sanctions targeted Iranian individuals and companies that facilitated the trade of petroleum and petrochemical products with Iran or supported military action against US forces.

Treasury Secretary Scott Bessent on Monday issued a global warning for countries to cut any financial ties with Iran or risk being cut off from the U.S. dollar system, launching a new economic pressure campaign against the Islamic Republic as the military front has reached a stalemate six months into the war.  Called “

What matters more for oil prices is how hard U.S. sanctions hit China, Iran’s biggest oil buyer, and whether Beijing pushes back.

The Trump admin aims to choke off revenue streams to the Iranian regime by pressuring secondary countries to stop doing oil, energy and business deals with Tehran.

Treasury Secretary Scott Bessent held a press conference to announce new sanctions against Iran in a "sustained financial operation" that the Trump administration is calling "Operation Economic Outcast."