<\/p>\n
The US will soon announce what it bills as unprecedented economic measures against Iran, Treasury Secretary Scott Bessent said, intensifying the Trump administration\u2019s effort to force Tehran\u2019s capitulation through financial pressure.<\/p>\n
\u201cWatch this space for more announcements coming next week because we are going to apply measures like have never been seen in the history of economic isolation on a country,\u201d Bessent said Thursday in an interview with Newsmax.<\/p>\n
Bessent said the move will be part of a \u201cone-two punch\u201d that includes the continued blockade of Iran\u2019s ports.<\/p>\n
Iran\u2019s economy has already taken a significant hit from the war, with much of its industrial capacity destroyed and crude exports severely curtailed by the US blockade. But the country has weathered waves of sanctions, which have failed to force Tehran to bend on its nuclear program or relinquish control over the Strait of Hormuz.<\/p>\n
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President Donald Trump in recent days has renewed his administration\u2019s push for economic pressure on Iran as the US faces a shortfall of necessary munitions and appears wary of expanding its military campaign.<\/p>\n
Trump told Axios over the weekend that he is \u201clow-keying it\u201d with Iran. \u201cWe are just watching Iran with its huge inflation and the fact they have no money,\u201d he said.<\/p>\n
Iran, for its part, has reorganised its military to be more aggressive abroad as talks on ending the war with the US remain in stalemate, a sign that Tehran is preparing for a protracted era of regional conflict.<\/p>\n<\/p>\n
There is little sign of a breakthrough between Iran and the US over the Strait of Hormuz. Both sides claim control of the waterway, through which one-fifth of the world\u2019s oil and gas is shipped, and are demanding concessions that are unlikely to be met.<\/p>\n
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Oil held losses, with Brent trading near $87 a barrel after falling 2.2% in the previous session.<\/p>\n
Over the weekend, Iranian Foreign Minister Abbas Araghchi said a pact with Oman to establish a shipping route through the strait was \u201cvery close,\u201d without providing details.<\/p>\n
The two sides have not yet announced an agreement. Mohsen Rezaee, the newly appointed secretary of Iran\u2019s Supreme National Security Council, said any agreement with Oman would remain separate from a full reopening.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#roll #economic #isolation #plan #Iran #week<\/p>\n","protected":false},"excerpt":{"rendered":"
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