US sanctions Iranian digital exchanges as Trump promises deal

On August 7, 2026, the United States imposed sanctions on Iranian digital exchanges, including a Dubai-based crypto exchange, for allegedly evading sanctions and funding Iran's Islamic Revolutionary Guard Corps (IRGC). The move follows a Reuters report and comes as President Trump promises a deal with Iran. Separately, the US Senate passed a bill sponsored by Lindsey Graham that grants the president authority to impose 100% tariffs on Russia and Iran. Meanwhile, US employers cut 23,000 jobs amid ongoing pressure from the Iran war, and the shipping industry warned that a proposed Iran-Oman Hormuz deal could prove unworkable.