{"id":2110318,"date":"2026-08-25T09:31:24","date_gmt":"2026-08-25T06:31:24","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2110318"},"modified":"2026-08-25T09:31:24","modified_gmt":"2026-08-25T06:31:24","slug":"what-the-new-us-sanctions-on-iran-mean-for-european-businesses","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2110318","title":{"rendered":"What the new US sanctions on Iran mean for European businesses"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/88\/76\/44\/1200x675_cmsv2_3ca46c5d-ee07-548e-b9f0-04c3227d3d39-9887644.jpg&#8221;]<\/p>\n<article id=\"abe-2920250-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920250\" data-cid=\"9887729\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920250-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/77\/29\/189x106_cmsv2_13789729-643c-56b9-b9eb-de06fdbc9719-9887729.jpg\" loading=\"lazy\" alt=\"FILE: Syrian President Ahmad al-Sharaa walks through the chamber at the inaugural session of Syria&apos;s newly formed People&apos;s Assembly, in Damascus, 12 July 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Syria<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Al-Sharaa: US terror list removal &#8216;shakes off dark stain&#8217; from Syria\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920358-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920358\" data-cid=\"9887743\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920358-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/77\/43\/189x106_cmsv2_7755412b-b3cd-5e7d-a0e5-78579c0c70ab-9887743.jpg\" loading=\"lazy\" alt=\"Rescue workers put out a fire of a residential building destroyed by a Russian drone strike on Odesa region, 29 April, 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    USA<\/p>\n<div class=\"the-media-object__title  \">\n<p>    World must rein in autonomous weapons, UN and Red Cross chiefs say\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920333-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2920333\" data-cid=\"9887595\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920333-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/75\/95\/189x106_cmsv2_35d7539b-eb18-5d58-aa4b-88bcd67c380e-9887595.jpg\" loading=\"lazy\" alt=\"The Sea Stallion from Glendalough sails with modern boats from Roskilde fjord, Denmark, Sunday, July 1, 2007.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Watch: Viking Age anchor recreated with hammer and bellows in Denmark\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920325-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920325\" data-cid=\"9887527\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920325-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/75\/27\/189x106_cmsv2_ea2d4f37-b9bd-57c4-b037-0353d18a6cea-9887527.jpg\" loading=\"lazy\" alt=\"Are we getting more Oasis shows in 2027 \u2013 and will any be in mainland Europe?\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Culture news<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Are we getting more Oasis shows in 2027 \u2013 and will any be in mainland Europe?\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920250-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2920250\" data-cid=\"9887729\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920250-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/77\/29\/189x106_cmsv2_13789729-643c-56b9-b9eb-de06fdbc9719-9887729.jpg\" loading=\"lazy\" alt=\"FILE: Syrian President Ahmad al-Sharaa walks through the chamber at the inaugural session of Syria&apos;s newly formed People&apos;s Assembly, in Damascus, 12 July 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Syria<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Al-Sharaa: US terror list removal &#8216;shakes off dark stain&#8217; from Syria\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920358-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2920358\" data-cid=\"9887743\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920358-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/77\/43\/189x106_cmsv2_7755412b-b3cd-5e7d-a0e5-78579c0c70ab-9887743.jpg\" loading=\"lazy\" alt=\"Rescue workers put out a fire of a residential building destroyed by a Russian drone strike on Odesa region, 29 April, 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    USA<\/p>\n<div class=\"the-media-object__title  \">\n<p>    World must rein in autonomous weapons, UN and Red Cross chiefs say\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920333-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2920333\" data-cid=\"9887595\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920333-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/75\/95\/189x106_cmsv2_35d7539b-eb18-5d58-aa4b-88bcd67c380e-9887595.jpg\" loading=\"lazy\" alt=\"The Sea Stallion from Glendalough sails with modern boats from Roskilde fjord, Denmark, Sunday, July 1, 2007.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Watch: Viking Age anchor recreated with hammer and bellows in Denmark\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920325-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2920325\" data-cid=\"9887527\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920325-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/75\/27\/189x106_cmsv2_ea2d4f37-b9bd-57c4-b037-0353d18a6cea-9887527.jpg\" loading=\"lazy\" alt=\"Are we getting more Oasis shows in 2027 \u2013 and will any be in mainland Europe?\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Culture news<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Are we getting more Oasis shows in 2027 \u2013 and will any be in mainland Europe?\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Business<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            What the new US sanctions on Iran mean for European businesses<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-controller=\"video-player\" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/76\/44\/1536x864_cmsv2_3ca46c5d-ee07-548e-b9f0-04c3227d3d39-9887644.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"US Treasury Secretary Scott Bessent speaks at the Treasury Department in Washington, 24 Aug. 2026\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              US Treasury Secretary Scott Bessent speaks at the Treasury Department in Washington, 24 Aug. 2026<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">AP Photo\/Julia Demaree Nikhinson<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0AP Photo\/Julia Demaree Nikhinson\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspQuirino Mealha\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1787650284\">\n         Published on<br \/>\n            <time datetime=\"2026-08-25 11:31:24 +02:00\">25\/08\/2026 &#8211; 11:31 GMT+2<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center 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loading=\"lazy\"><span>Bluesky<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"48\" height=\"48\" alt=\"bluesky\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        The US has unveiled a sweeping expansion of secondary sanctions intended to sever Iran&#8217;s remaining links to the global economy, warning that companies anywhere in the world that keep trading with Tehran risk losing access to the dollar system.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>Washington is effectively asking every firm on the planet to choose between Iran and the American financial system.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>At a US Treasury press conference on Monday, Scott Bessent laid out a campaign he called an &#8220;economic onslaught&#8221; against Iran&#8217;s financial connections, and said he already expects &#8220;an announcement of a major financial institution being sanctioned by the end of this week&#8221;.<\/p>\n<p>The plan, dubbed Operation Economic Outcast, follows Bessent&#8217;s warning on Sunday of an &#8220;economic D-Day&#8221; for Tehran.<\/p>\n<p>The US Treasury designated close to 60 companies, individuals and vessels across several jurisdictions, including Chinese nationals, and suspended licences that had permitted limited dealings with Iran.<\/p>\n<p>More significant for foreign businesses is the widening of secondary sanctions into shipping, aviation, gold, technology and digital assets, alongside the existing focus on oil.<\/p>\n<p>Any entity laundering money on Iran&#8217;s behalf will be removed from the dollar system, Bessent said, adding that &#8220;no one is above&#8221; the measures when asked whether they would extend to China.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">US threatens Iran with &#8216;economic D-Day&#8217; as markets await sanctions announcement<\/li>\n<li class=\"c-widget-related__item\">US Treasury Secretary launches &#8216;Operation Economic Outcast&#8217; aimed at isolating Iran<\/li>\n<\/ul>\n<\/div>\n<p>The US Treasury Secretary declined to set a compliance deadline but said Washington does not have infinite patience, while US President Donald Trump telephones world leaders with requests to halt trade with Iran.<\/p>\n<p>Crucially, the US Treasury stopped short of penalising any third country outright, holding the toughest blow in reserve during what it called a &#8220;cure period&#8221;.<\/p>\n<p>Iran vowed to retaliate and said it expected major trading partners to resist Washington&#8217;s pressure.<\/p>\n<h2>Europe&#8217;s direct exposure is very modest<\/h2>\n<p>European companies have little left to lose in terms of trade with Iran.<\/p>\n<p>According to Eurostat, EU trade volume in goods with Iran was worth only \u20ac3.72 billion in 2025, of which \u20ac2.97 billion were European exports, about 0.1% of what the bloc sells abroad and down from a peak above \u20ac27 billion back in 2011.<\/p>\n<p>However, what remains is concentrated.<\/p>\n<p>Germany accounts for roughly 32% of EU-Iran trade, Italy 16% and the Netherlands 15%.<\/p>\n<p>European exports are mostly pharmaceuticals, machinery and medical equipment, categories often covered by humanitarian exemptions, while imports are dominated by pistachios and other food products.<\/p>\n<p>For these reasons, European markets took the news calmly on Tuesday morning.<\/p>\n<p>At the time of writing, both the Euro Stoxx 50 and the broader pan-European Stoxx 600 traded around 0.2% higher.<\/p>\n<p>The UK&#8217;s FTSE 100, Germany&#8217;s DAX 30, France&#8217;s CAC 40, Italy\u2019s FTSE MIB, the Netherlands&#8217; AEX and Switzerland&#8217;s CH20 were all up between 0.1% and 0.3% with the German index leading.<\/p>\n<h2><strong>The real risk for Europe sits in the &#8216;plumbing&#8217;<\/strong><\/h2>\n<p>The greater danger is not Iranian trade but the reach of US enforcement itself.<\/p>\n<p>Banks, insurers, shipping companies and commodity traders handle transactions for clients across dozens of countries, and it is exposure to a sanctioned counterparty elsewhere, rather than business directly in Tehran, that tends to trigger penalties.<\/p>\n<p>The precedent is unforgotten in European boardrooms.<\/p>\n<p>BNP Paribas paid a record $8.9 billion (\u20ac7.6bn) in 2014 and pleaded guilty to criminal charges for processing transactions involving Iran, Sudan and Cuba, then lost the right to clear dollars through its New York office for a year.<\/p>\n<p>European firms are also caught in a legal bind.<\/p>\n<p>The EU&#8217;s Blocking Statute bars companies from complying with US sanctions on Iran unless the Commission authorises it, and the European Court of Justice has ruled that firms terminating Iranian contracts must justify the decision on grounds other than American pressure.<\/p>\n<p>In practice, most have chosen the US dollar since 2018, and this week gives them little reason to reconsider.<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2918934-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2918934\" data-cid=\"9885808\" data-part-label=\"Partner content\">\n<figure id=\"abe-2918934-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/09\/18\/480x270_cmsv2_d9a3b6e7-ef54-5726-9e17-bfc717738bde-9880918.jpg\" loading=\"lazy\" alt=\"Archive photo. A taxpayer handles their tax affairs through the Tax Agency&apos;s online portal.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Spanish workers spend equivalent of 231 days paying taxes, study says<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920150-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920150\" data-cid=\"9886677\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920150-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/66\/77\/480x270_cmsv2_29914360-bed8-5aa8-8769-89d411bada4f-9886677.jpg\" loading=\"lazy\" alt=\"File - From left: IG Metall\u2019s Christiane Benner, VW works council chief Daniela Cavallo and union official Thorsten Groeger at a Wolfsburg rally on 9 July 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Volkswagen workers condemn \u2018disastrous\u2019 communication over job cuts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920003-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920003\" data-cid=\"9885863\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920003-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/73\/24\/38\/480x270_cmsv2_551e0ddb-c2d5-5c7c-91e0-dea61ac97ced-9732438.jpg\" loading=\"lazy\" alt=\"File - A label on clothes at the BHV department store where fast fashion powerhouse Shein&apos;s first permanent store is set to open, Wednesday, 5 Nov. 2025 in Paris.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Shein IPO aims for $27bn valuation \u2014 and Europe is key to its future<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Iran war<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Iran sanctions<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  European markets<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Scott Bessent<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  US Department of the Treasury<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Business<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2920150-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920150\" data-cid=\"9886677\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920150-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/66\/77\/320x180_cmsv2_29914360-bed8-5aa8-8769-89d411bada4f-9886677.jpg\" loading=\"lazy\" alt=\"File - From left: IG Metall\u2019s Christiane Benner, VW works council chief Daniela Cavallo and union official Thorsten Groeger at a Wolfsburg rally on 9 July 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Volkswagen workers condemn \u2018disastrous\u2019 communication over job cuts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2918934-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2918934\" data-cid=\"9885808\" data-part-label=\"Partner content\">\n<figure id=\"abe-2918934-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/09\/18\/320x180_cmsv2_d9a3b6e7-ef54-5726-9e17-bfc717738bde-9880918.jpg\" loading=\"lazy\" alt=\"Archive photo. A taxpayer handles their tax affairs through the Tax Agency&apos;s online portal.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Spanish workers spend equivalent of 231 days paying taxes, study says<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2920003-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920003\" data-cid=\"9885863\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920003-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/73\/24\/38\/320x180_cmsv2_551e0ddb-c2d5-5c7c-91e0-dea61ac97ced-9732438.jpg\" loading=\"lazy\" alt=\"File - A label on clothes at the BHV department store where fast fashion powerhouse Shein&apos;s first permanent store is set to open, Wednesday, 5 Nov. 2025 in Paris.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Shein IPO aims for $27bn valuation \u2014 and Europe is key to its future<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2919139-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2919139\" data-cid=\"9881986\" data-part-label=\"Partner content\">\n<figure id=\"abe-2919139-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/19\/86\/320x180_cmsv2_dc074723-600e-5c6a-9334-e251d2354206-9881986.jpg\" loading=\"lazy\" alt=\"FILE - Liverpool&apos;s players wear football shirts featuring number 7 Kevin Keegan before the English Premier League soccer match with Newcastle Aug. 23, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why are UK football clubs hiring more than ever? Data roles grow<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2919386-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2919386\" data-cid=\"9883412\" data-part-label=\"Partner content\">\n<figure id=\"abe-2919386-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/34\/12\/320x180_cmsv2_1274a3b2-9b6e-56d5-b259-0645616190bb-9883412.jpg\" loading=\"lazy\" alt=\"US flag, file photo\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    How did US debt approach $40 trillion \u2014 and who pays for it?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-2\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-most-viewed\">\n<h2 class=\"c-most-viewed__title qa-section-title\">Most read<\/h2>\n<div class=\"c-most-viewed__list\">\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">1<\/span><\/p>\n<article id=\"abe-2920016-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2920016\" data-cid=\"9885985\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    US threatens Iran with &#8216;economic D-Day&#8217; as markets await sanctions<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">2<\/span><\/p>\n<article id=\"abe-2919386-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2919386\" data-cid=\"9883412\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    How did US debt approach $40 trillion \u2014 and who pays for it?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">3<\/span><\/p>\n<article id=\"abe-2919676-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2919676\" data-cid=\"9884745\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    EDF authorised to prepare site for two new nuclear reactors in France<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">4<\/span><\/p>\n<article id=\"abe-2920150-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920150\" data-cid=\"9886677\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Volkswagen workers condemn \u2018disastrous\u2019 communication over job cuts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">5<\/span><\/p>\n<article id=\"abe-2919139-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2919139\" data-cid=\"9881986\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why are UK football clubs hiring more than ever? Data roles grow<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-3\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/article>\n<article id=\"abe-2918934-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2918934\" data-cid=\"9885808\" data-part-label=\"Partner content\">\n<figure id=\"abe-2918934-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/09\/18\/480x270_cmsv2_d9a3b6e7-ef54-5726-9e17-bfc717738bde-9880918.jpg\" loading=\"lazy\" alt=\"Archive photo. A taxpayer handles their tax affairs through the Tax Agency&apos;s online portal.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Spanish workers spend equivalent of 231 days paying taxes, study says<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920150-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920150\" data-cid=\"9886677\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920150-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/66\/77\/480x270_cmsv2_29914360-bed8-5aa8-8769-89d411bada4f-9886677.jpg\" loading=\"lazy\" alt=\"File - From left: IG Metall\u2019s Christiane Benner, VW works council chief Daniela Cavallo and union official Thorsten Groeger at a Wolfsburg rally on 9 July 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Volkswagen workers condemn \u2018disastrous\u2019 communication over job cuts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920003-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920003\" data-cid=\"9885863\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920003-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/73\/24\/38\/480x270_cmsv2_551e0ddb-c2d5-5c7c-91e0-dea61ac97ced-9732438.jpg\" loading=\"lazy\" alt=\"File - A label on clothes at the BHV department store where fast fashion powerhouse Shein&apos;s first permanent store is set to open, Wednesday, 5 Nov. 2025 in Paris.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Shein IPO aims for $27bn valuation \u2014 and Europe is key to its future<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920150-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920150\" data-cid=\"9886677\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920150-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/66\/77\/320x180_cmsv2_29914360-bed8-5aa8-8769-89d411bada4f-9886677.jpg\" loading=\"lazy\" alt=\"File - From left: IG Metall\u2019s Christiane Benner, VW works council chief Daniela Cavallo and union official Thorsten Groeger at a Wolfsburg rally on 9 July 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Volkswagen workers condemn \u2018disastrous\u2019 communication over job cuts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2918934-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2918934\" data-cid=\"9885808\" data-part-label=\"Partner content\">\n<figure id=\"abe-2918934-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/09\/18\/320x180_cmsv2_d9a3b6e7-ef54-5726-9e17-bfc717738bde-9880918.jpg\" loading=\"lazy\" alt=\"Archive photo. A taxpayer handles their tax affairs through the Tax Agency&apos;s online portal.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Spanish workers spend equivalent of 231 days paying taxes, study says<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920003-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920003\" data-cid=\"9885863\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920003-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/73\/24\/38\/320x180_cmsv2_551e0ddb-c2d5-5c7c-91e0-dea61ac97ced-9732438.jpg\" loading=\"lazy\" alt=\"File - A label on clothes at the BHV department store where fast fashion powerhouse Shein&apos;s first permanent store is set to open, Wednesday, 5 Nov. 2025 in Paris.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Shein IPO aims for $27bn valuation \u2014 and Europe is key to its future<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2919139-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2919139\" data-cid=\"9881986\" data-part-label=\"Partner content\">\n<figure id=\"abe-2919139-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/19\/86\/320x180_cmsv2_dc074723-600e-5c6a-9334-e251d2354206-9881986.jpg\" loading=\"lazy\" alt=\"FILE - Liverpool&apos;s players wear football shirts featuring number 7 Kevin Keegan before the English Premier League soccer match with Newcastle Aug. 23, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why are UK football clubs hiring more than ever? Data roles grow<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2919386-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2919386\" data-cid=\"9883412\" data-part-label=\"Partner content\">\n<figure id=\"abe-2919386-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/34\/12\/320x180_cmsv2_1274a3b2-9b6e-56d5-b259-0645616190bb-9883412.jpg\" loading=\"lazy\" alt=\"US flag, file photo\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    How did US debt approach $40 trillion \u2014 and who pays for it?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920016-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2920016\" data-cid=\"9885985\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    US threatens Iran with &#8216;economic D-Day&#8217; as markets await sanctions<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2919386-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2919386\" data-cid=\"9883412\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    How did US debt approach $40 trillion \u2014 and who pays for it?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2919676-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2919676\" data-cid=\"9884745\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    EDF authorised to prepare site for two new nuclear reactors in France<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920150-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920150\" data-cid=\"9886677\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Volkswagen workers condemn \u2018disastrous\u2019 communication over job cuts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2919139-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2919139\" data-cid=\"9881986\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why are UK football clubs hiring more than ever? Data roles grow<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">Washington is effectively asking every firm on the planet to choose between Iran and the American financial system.At a US Treasury press conference on Monday, Scott Bessent laid out a campaign he called an &#8220;economic onslaught&#8221; against Iran&#8217;s financial connections, and said he already expects &#8220;an announcement of a major financial institution being sanctioned by the end of this week&#8221;.The plan, dubbed Operation Economic Outcast, follows Bessent&#8217;s warning on Sunday of an &#8220;economic D-Day&#8221; for Tehran.The US Treasury designated close to 60 companies, individuals and vessels across several jurisdictions, including Chinese nationals, and suspended licences that had permitted limited dealings with Iran.More significant for foreign businesses is the widening of secondary sanctions into shipping, aviation, gold, technology and digital assets, alongside the existing focus on oil.Any entity laundering money on Iran&#8217;s behalf will be removed from the dollar system, Bessent said, adding that &#8220;no one is above&#8221; the measures when asked whether they would extend to China.The US Treasury Secretary declined to set a compliance deadline but said Washington does not have infinite patience, while US President Donald Trump telephones world leaders with requests to halt trade with Iran.Crucially, the US Treasury stopped short of penalising any third country outright, holding the toughest blow in reserve during what it called a &#8220;cure period&#8221;.Iran vowed to retaliate and said it expected major trading partners to resist Washington&#8217;s pressure.Europe&#8217;s direct exposure is very modestEuropean companies have little left to lose in terms of trade with Iran.According to Eurostat, EU trade volume in goods with Iran was worth only \u20ac3.72 billion in 2025, of which \u20ac2.97 billion were European exports, about 0.1% of what the bloc sells abroad and down from a peak above \u20ac27 billion back in 2011.However, what remains is concentrated.Germany accounts for roughly 32% of EU-Iran trade, Italy 16% and the Netherlands 15%.European exports are mostly pharmaceuticals, machinery and medical equipment, categories often covered by humanitarian exemptions, while imports are dominated by pistachios and other food products.For these reasons, European markets took the news calmly on Tuesday morning.At the time of writing, both the Euro Stoxx 50 and the broader pan-European Stoxx 600 traded around 0.2% higher.The UK&#8217;s FTSE 100, Germany&#8217;s DAX 30, France&#8217;s CAC 40, Italy\u2019s FTSE MIB, the Netherlands&#8217; AEX and Switzerland&#8217;s CH20 were all up between 0.1% and 0.3% with the German index leading.The real risk for Europe sits in the &#8216;plumbing&#8217;The greater danger is not Iranian trade but the reach of US enforcement itself.Banks, insurers, shipping companies and commodity traders handle transactions for clients across dozens of countries, and it is exposure to a sanctioned counterparty elsewhere, rather than business directly in Tehran, that tends to trigger penalties.The precedent is unforgotten in European boardrooms.BNP Paribas paid a record $8.9 billion (\u20ac7.6bn) in 2014 and pleaded guilty to criminal charges for processing transactions involving Iran, Sudan and Cuba, then lost the right to clear dollars through its New York office for a year.European firms are also caught in a legal bind.The EU&#8217;s Blocking Statute bars companies from complying with US sanctions on Iran unless the Commission authorises it, and the European Court of Justice has ruled that firms terminating Iranian contracts must justify the decision on grounds other than American pressure.In practice, most have chosen the US dollar since 2018, and this week gives them little reason to reconsider.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/business\/2026\/08\/25\/what-the-new-us-sanctions-on-iran-mean-for-european-businesses&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/88\/76\/44\/1200x675_cmsv2_3ca46c5d-ee07-548e-b9f0-04c3227d3d39-9887644.jpg&#8221;] Syria Al-Sharaa: US terror list removal &#8216;shakes off dark stain&#8217; from Syria USA World must rein in autonomous weapons, UN and Red Cross chiefs say No Comment Watch: Viking Age anchor recreated with hammer and bellows in Denmark Culture news Are we getting more Oasis shows in 2027 \u2013 and will any [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2110318","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2110318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2110318"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2110318\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2110318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2110318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2110318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}