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 "k

He suggested that the administration’s new efforts could affect China, saying that “it would do them a big service to get with the program.”

US Treasury Secretary Scott Bessent said the United States will impose “the toughest sanctions in history” on Iran and urged China to cooperate with Washington.

Donald Trump's latest bid to pressure Tehran is as he comes under increasing pressure at home over a deeply unpopular war.

The Trump administration's plan to crush Iran's economy will likely negate the need for further U.S. military operations, Treasury Secretary Scott Bessent said.

President Donald Trump on Wednesday announced the United States is launching a new initiative targeting Iran‘s economy, demanding that allies back the effort.  The president warned Iran that “economic D-Day” is coming after he backed away this week from peace talks seeking to resolve the conflict, which has now stretch