Treasury Secretary to announce Iran sanctions as Tehran dismisses economic warfare threat

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Treasury Secretary Scott Bessent will hold a press conference Monday to announce sanctions against Iran that he described to CNBC as the greatest campaign of "coordinated economic isolation in the history of the world." "At dawn begins an economic D-Day the single greatest financial offensive ever marshalled against an adversary," Bessent said in an opinion piece he authored in The Financial Times on Sunday. The Teasury Secretary told CNBC on Thursday that the U.S. will "collapse" the Islamic Republic with the "toughest sanctions in history." The Trump administration demands that U.S. allies and the rest of the world stop doing business with Iran, Bessent said. The U.S. will use its "full might" against anyone who does not comply, he told CNBC. "We are going to them and saying you are either with us or against us," Bessent told CNBC. "It is time for our allies and the rest of the world to make a decision, and we are goin...
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Norway to give more than $9 billion to Ukraine in 2027

Norway plans to give another 85 billion Norwegian crowns ($9.2 billion) in financial support to Ukraine in the 2027 fiscal year, in line with the amount given in 2026, the Nordic country's government said in a statement on Sunday. Norwegian Prime Minister Jonas Gahr Stoere and leaders from across the Nordic and Baltic region are visiting Kyiv on Sunday in a show of support for Ukraine in the war with Russia. Norway's donation will be for both military and humanitarian spending, Stoere was quoted as saying in the text of a speech released by the government in Oslo. "Supporting and rebuilding Ukraine is not assistance alone. It is an investment in Europe's own security," Stoere said. In comments published on Saturday, Russian President Vladimir Putin said that Kyiv had opened a "Pandora's box" with its strikes on Russian economic targets and that Moscow would hit back at Ukraine's "most sensitive economic sectors". Russia and Ukraine are both ramping up drone campaigns aiming to cripple each other's economic infrastructure, often striking targets far beyond the frontlines of the war started by Moscow, as fighting on the battlefield grinds toward the 4-1/2-year mark.

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