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US Readies Unprecedented ‘Economic Isolation’ Plan for Iran

Treasury Secretary Scott Bessent said the campaign would bring unprecedented economic isolation and restrict goods moving through Iranian ports.

  • On Thursday, Treasury Secretary Scott Bessent announced that President Trump will unveil unprecedented economic measures against Iran next week, intensifying the administration's isolation campaign.
  • This campaign combines unprecedented economic pressure with an ongoing naval blockade in the Strait and Hormuz, which restricts goods moving in or out of Iranian ports.
  • Vice President Vance stated Washington's dual objectives: keeping energy prices stable and preventing Iran from acquiring a nuclear weapon, using tools "very selectively, very strategically."
  • Vance acknowledged that dealing with Tehran remains unpredictable, noting Iranian leaders often fail to honor commitments. Trump replied "You'll find out" when asked if escalation remained possible.
  • Asserting "total control" over the Strait and Hormuz, President Trump emphasized the United States occupies a strong position and Iran is no longer the dominant regional power.
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Scott Bessent, Treasury Secretary, will put his team to work for, financially, “strangling” any operation that involves earning money from Iran

·Los Angeles, United States
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CNBC broke the news in Englewood Cliffs, United States on Friday, August 14, 2026.
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