The US' latest move comes six months into a war with Iran that has left peace talks stalled and the Strait of Hormuz blocked. US Treasury Secretary Scott Bessent has unveiled new sanctions targeting Iran's trading partners.The financial results of retailer Coles will be revealed as part of reporting season, as the ASX 200 awaits inflation data that will inform the direction of interest rates. Key points and original sources are listed below.

• The US' latest move comes six months into a war with Iran that has left peace talks stalled and the Strait of Hormuz blocked.S1

• US Treasury Secretary Scott Bessent has unveiled new sanctions targeting Iran's trading partners.The financial results of retailer Coles will be revealed as part of reporting season, as the ASX 200 awaits inflation data that will inform the direction of intere...S2

• The White House vows to sanction any country that continues to do business with Tehran.S3

• U.S. Treasury Secretary Scott Bessent warned every country that does business with the Islamic Republic to sever those financial ties or face retaliation from the United States.S4

• The announcement comes almost six months into a war on Iran that has ground to a stalemate.S5

• WASHINGTON, Aug 24 (Reuters) - The U.S. on Monday announced an expansion of secondary sanctions it hopes will "sever every economic lifeline" sustaining Iran, as President Donald Trump's administration struggles to resolve an unpopular war that has pushed ener...S6

• Treasury Secretary Scott Bessent described the measures as the opening of an all-out financial assault on the Iranian government and its trade partners.S7

• Iran’s Minister of Economy Ali Madani-Zadeh has responded to the US announcement of a new economic pressure campaign.S8