Bessent urges US allies to join economic pressure campaign on Iran

US Treasury Secretary Scott Bessent on Thursday called on US allies to join Washington's stepped-up economic pressure campaign against Iran, vowing to impose the "toughest sanctions in history" on the Islamic Republic. Bessent made the remarks during a CNBC interview, noting that there will likely not be large-scale "kinetic" military action on Iran as US President Donald Trump's administration is pushing to apply the "maximum economic pressure" on Tehran to "squash" its economy. The secretary p