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U.S. Pushes Allies, China to Back Trump’s Economic War on Iran

Summary by The Hindu
U.S. Treasury Secretary Scott Bessent’s comments underscored how Mr. Trump is shifting to economic rather than military pressure on Tehran the war drags toward the six-month mark
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Amid the Donald Trump administration's announcement that it will launch an unprecedented "economic isolation" operation against Iran, assessments suggest that the response of China, the largest buyer of Iranian crude oil, will determine the success or failure of the operation. In an interview with CNBC on the 20th (local time), U.S. Treasury Secretary Scott Besant stated that he would hold a press conference on the 24th to unveil plans for econo…

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After nearly six months of war and in the absence of a diplomatic breakthrough, the Trump administration wants to mobilize its allies and China in a campaign of maximum economic pressure against Tehran, even if it means threatening serious consequences for countries that continue to trade with Iran.

·Issy-les-Moulineaux, France
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The U.S. Treasury Secretary called on allies to cooperate with the U.S. in attacking Iran's economy, issuing an ultimatum to allies: "Will you be on our side or our enemy?"

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La Presse broke the news in Montreal, Canada on Thursday, August 20, 2026.
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