U.S. Unveils Campaign to Cripple Iran’s Economy, but Offers Few Details

Treasury Secretary Scott Bessent acknowledged the effort was more of a warning shot that would begin a period of “quiet diplomacy.”

The move marks the Trump administration’s latest attempt to force an end to an increasingly unpopular war that has stretched into its sixth month.

Treasury Secretary Scott Bessent announced on Monday that the U.S. will impose punishing sanctions on countries and entities that do business with Iran — an attempt to bring the country to heel absent renewed military strikes. Why it matters: The move is aimed at ratcheting up pressure on the Iranian regime amid the c