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.
53 Articles
53 Articles
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.
US calls for China's cooperation on Iran sanctions
US Treasury Secretary Scott Bessent said on Thursday Washington will impose "the toughest sanctions in history" on Iran and urged Beijing to cooperate with the US, but China said sanctions will not help in resolving the issue. Bessent said he would hold a press conference on Monday to discuss details. "It is a one-two punch. We have the blockade (on Iran), and we are going to have the toughest sanctions in history," Bessent told CNBC. "It is goi…
Iran shifts to ‘survival economy’ as US vows to ‘collapse the regime’
Trump declares ‘Economic D-Day’ on Iran as Treasury chief vows tougher measures Monday; mediators say Tehran may endure, while experts warn repression could keep public pain from forcing concessions
In his recent threats against Iran, US President Trump dispenses with details, which his finance minister now delivers. According to Scott Bessent, the economic sanctions against the Mullah regime are supposed to make further military strikes superfluous.
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