Rial Hits Record Low As Bessent Readies “Economic D-Day” Assault To Isolate Iran
August 24, 2026
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Writes Zero Hedge:
In the coming hours, the Trump administration is expected to unveil a sweeping campaign to economically isolate Iran and its trading partners, with China likely the primary target. The escalation is designed to force Tehran back to the negotiating table, as its only leverage – the Strait of Hormuz – appears to be quickly eroding. Commercial ships are now transiting the newly opened, US military-supervised shipping corridor off Oman, raising the possibility that Iran has partially lost control of the critical waterway.
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Llewellyn H. Rockwell, Jr., former editorial assistant to Ludwig von Mises and congressional chief of staff to Ron Paul, is founder and chairman of the Mises Institute, executor for the estate of Murray N. Rothbard, and editor of LewRockwell.com. He is the author of Against the State and Against the Left. Follow him on Facebook and Twitter.
