Bessent says US will impose toughest ever sanctions on Iran, urges China to cooperate
Bessent said the administration is preparing additional measures and expanded sanctions on 10 people linked to Hezbollah, as oil prices climbed above a three-week high.
- On Thursday, Treasury Secretary Scott Bessent announced the U.S. will impose the "toughest sanctions in history" on Iran, designating 10 individuals linked to Hezbollah to dismantle financial networks supporting the Iran-backed group.
- Iranian forces have restricted passage through the Strait of Hormuz since the war began on February 28, making reopening this crucial waterway central to ceasefire negotiations and stabilizing global energy prices.
- President Donald Trump promised "the most crushing economic operation ever taken against any country" would be unleashed on Iran, threatening "tremendous consequences" for nations providing any "lifeline" to the regime.
- Iranian Foreign Minister Abbas Araqchi condemned the sanctions as "economic terrorism," while policy analysts remain skeptical whether decades of sanctions can achieve U.S. objectives like regime change.
- Bessent declined to confirm whether China, which buys more than 80% of Iran's shipped oil, would face targeting, saying some conversations are best held "in private.
72 Articles
72 Articles
US pushes allies and China to back Trump's economic warfare on Iran
WASHINGTON —US Treasury Secretary Scott Bessent on Thursday warned allies that they would either be with them or against them when it comes to economically isolating Iran. He said the new push to ramp up sanctions against Iran would be the "greatest coordinated economic isolation" in the history of the world.In a message to allies, Bessent said, "This is going to be the greatest coordinated economic isolation in the history of the world. And we …
US prepares sweeping new Iran sanctions, Bessent says
The U.S. will impose “the toughest sanctions in history” on Iran, Treasury Secretary Scott Bessent said on Thursday, a focus on economic measures he suggested would lessen the need for new major military operations against Tehran. His statement followed President Donald Trump’s threat a day earlier of “Economic Warfare” and warning of economic consequences against […]
US vows 'toughest sanctions in history' against Iran, oil prices surge
US Treasury Secretary Scott Bessent said on Thursday that the US will impose "the toughest sanctions in history" on Iran. Crude oil price rose sharply after the announcement, closing at $93.78 per barrel.
US to impose ‘toughest sanctions in history’ on Iran, Scott Bessent says
United States Treasury chief Scott Bessent announced unprecedented sanctions against Iran. These stringent measures aim to avoid significant new military operations. Oil prices surged following these threats of financial penalties. Iran condemned the sanctions as economic terrorism and vowed defiance. Details of the comprehensive sanctions package will be revealed next week.
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