New US sanctions on the cards, and bad news about South Africa’s mining sector

• The US will soon announce unprecedented economic measures against Iran, including new sanctions.
• South Africa's mining sector weakened in the second quarter, with mining production falling 4% year-on-year in June, mainly due to declines in Platinum Group Metals, coal, and iron ore.
• The US sanctions on Iran are expected to further strain the country's economy, which may have implications for global oil prices and international relations.