US threatens Iran with 'economic isolation, like the world has never seen'
WASHINGTON — U.S. Treasury Secretary Scott Bessent threatened Thursday to subject Iran to economic isolation "like the world has never seen before," adding that new measures are expected next week. "It will be a combination of economic isolation, like the world has never seen before," Bessent told conservative television network Newsmax, adding that "the continued blockade in the Strait of Hormuz…
U.S. Treasury Secretary Scott Bessent warned on Thursday that Iran could face economic isolation unprecedented in world history, according to statements made to conservative television network Newsmax. Bessent hinted at forthcoming measures set to be implemented next week, stating that this would include a comprehensive blockade at the Strait of Hormuz, effectively preventing any goods from entering or leaving Iranian ports.
He emphasized that this two-pronged strategy would involve both financial pressures and a physical obstruction of the ports. Meanwhile, Vice President JD Vance had previously highlighted oil and gasoline prices as the primary concern for Americans, with Iran's nuclear ambitions ranking second in U.S. priorities. This announcement contradicts Bessent's earlier optimistic remarks from August 4th, where he suggested an agreement to reopen the Strait of Hormuz could be reached within days, leading to a positive impact on Wall Street and a decrease in oil prices.
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- US threatens Iran with 'economic isolation, like the world has never seen' koreatimes.co.kr
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