U.S. Announces Harshest Sanctions Against Iran, Aligns with Trump's Threats
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U.S. Treasury Secretary Scott Bessent told CNBC on Thursday that Washington will impose the "toughest sanctions in history" against Iran, echoing President Donald Trump's threat on Wednesday of a "crushing" economic operation.
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Washington Times BusinessTreasury Secretary Scott Bessent announced Thursday that the U.S. would impose some of the “toughest sanctions in history” on Iran next week, doubling down on the Trump administration’s economic warfare strategy as diplomacy stalls.
BloombergUS Expected to Ramp Up Pressure on Iran's Economic Partners Treasury Secretary Scott Bessent vowed to ramp up pressure on Iran by targeting its economic partners, saying "You are either with us, or against us." He is scheduled to talk more about the plans on Monday. Bloomberg's Tyler Kendall reports. (Source: Bloomberg)
BBC BusinessPublished President Donald Trump has announced the US will inflict "TREMENDOUS Economic Consequences" on any country that helps or does business with Iran.
ZeroHedgeBessent had on Thursday told CNBC: "It is a one-two punch. We have the blockade (on Iran), and we are going to have the toughest sanctions in history." He then vowed, "It is going to work in Iran and we are going to collapse this regime."
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Mr. Trump added that diplomacy with Iran could happen “maybe at some point.” On Tuesday, he had insisted that the economic pressure campaign would continue and the White House had no plans to talk to the Iranians in the near future.
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Iran closed the Strait of Hormuz, a narrow waterway connecting the Persian Gulf and the Gulf of Oman, shortly after the U.S. and Israel launched attacks on the country in late February. Since then, commercial ships have been wary of entering the passage for fear of being targeted by Iranian drones or missiles.
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However, diplomatic momentum collapsed as Iran demanded that the U.S. break off its naval blockade and ease sanctions before the strait could be reopened.
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Earlier this month, Iranian and U.S. officials indicated that the two sides were circling a deal that would reopen the Strait of Hormuz, establish a ceasefire and open the door to further technical talks.
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The strait itself has become the center of nearly every conversation surrounding the war. For Iran, the waterway is key to its influence in the region after the war, with key ministers and security officials insisting that Tehran maintain significant control over the waterway.
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Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 Common Dreams US Secretary of State Marco Rubio on Tuesday drew an outraged reaction from critics after he unveiled sanctions against Tomoko Akane, president of the International Criminal Court.
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02 ZeroHedge China has firmly rejected Washington's call to join in implementing US sanctions to "squash" Iran's economy, pushing back against Trump administration pressure to be part of the "toughest sanctions in history" which has marked a new phase of conflict focused on extended economic warfare, as a military solution is seen as increasingly unrealistic and unlikely.
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03 MarketWatch Futures Movers Oil prices jump after Trump declares economic war on Iran West Texas Intermediate and Brent crude’s front-month contracts both climbed after President Donald Trump said he was launching a “crushing economic operation” against Iran
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04 CNBC Oil prices eased Friday but remained on track for a second consecutive week of gains, as hopes of a swift reopening of the Strait of Hormuz continued to fade.
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05 Financial Times Trump announces new drive to isolate and crush Iranian economy UAE, long a crucial trading hub for Tehran, has also suspended commercial ties
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06 Fortune The United States has demanded that Cuba open up to private investment, and Cuba has passed sweeping reforms to encourage just that. So Cuba’s U.N. ambassador says he wants to know why Washington keeps piling on sanctions that stymie the very economic opening it has sought for decades.
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07 BBC Business He wrote in all capital letters on Truth Social he was launching "the most crushing economic operation ever taken against any country!" He gave no further details, and did not name any other nation.
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08 Washington Times Business The waterway’s closure has driven up oil and gas prices for months as commercial shipping companies remain wary of allowing their vessels to transit the strait.
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