Good morning from the Financial Times.
Today is Tuesday, August 25th, and this is your FT News Briefing.
The U.S. Threatened to pile more economic pressure on Iran, and private equity growth funds are having a moment.
Plus, JP Morgan is loosening its lending approach to court wealthy AI clients.
It's quite emblematic of this kind of slight feeding frenzy that we're in on Wall Street,
where there's just so much money being made and money to be made off of that money.
I'm Sonia Hudson in for Mark Filipino, and here's the news you need to start your day.
West Treasury Secretary Scott Besant wants to inflict
a lot more economic pain on Iran and countries with financial ties to it.
America is no longer managing the Iranian threat.
We are ending it.
Besant announced a number of new sanctions yesterday.
He also threatened to cut off anyone doing business with Iran from the U.S.
Financial system.
The actions of Treasury and other agencies will tighten the noose and block every potential source of revenue
that funds the evil Iranian regime.
The idea is to put pressure on Tehran as the two countries
haven't been able to reach a deal to end the war.
I'm joined now by the FT's Abigail House loaner to learn more.
Hi, Abby.