Iran · Multiple sources
Iran faces 'greatest financial offensive ever', says US treasury secretary
Scott Bessent says the US will sever all economic ties with the country and that any nation partnering with Iran financially will also be isolated.
- Time span
- 21 Aug 2026, 15:59 CEST → 24 Aug 2026, 15:35 CEST
- Sources
- 5 sources
- Reports
- 10
- Trust
- strong · multi-source
Timeline
The US Treasury Secretary, has indicated a change in US strategy towards Iran, focusing on economic isolation.
Trump Threatens 'Economic D-Day' for Iran as Sanctions Push Extends Six-Month-Old Conflict Further
Iran warns that countries backing US economic sanctions will be considered an enemy of Tehran.
China pushes for diplomacy as US slaps Iran with sweeping new sanctions
The US president says he will impose 'crushing measures' on Tehran.
US Treasury Secretary Scott Bessent says Washington aims to 'sever every economic lifeline' that sustains Iran.
With military and diplomatic means to end the war with Iran stalling, Treasury Secretary Scott Bessent is set to explain a new round of economic pressure measures on Iran Monday.
Today, Treasury Secretary Scott Bessent is set to announce details on new economic pressures on Iran. And, Canada has vowed to impose retaliatory tariffs against the U.S.
The Trump administration calls this "economic D-Day" on Iran. Iran vows to respond to fresh sanctions in a "seismic manner."
Scott Bessent says the US will sever all economic ties with the country and that any nation partnering with Iran financially will also be isolated.
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