What Bessent’s economic isolation of Iran could look like
While the Trump administration hasn't said what it's planning to do, there are still pressure points that the U.S. Treasury Department could hit.
U.S. Treasury Secretary Scott Bessent has warned of an impending onslaught of economic pressure on Iran, a move that has been met with doubt by critics. This is primarily because Iran is already under a naval blockade and a myriad of sanctions imposed by various nations. While the administration has not disclosed their plans, the Treasury Department under Bessent has a litany of pressure points that they could exploit.
The primary obstacle, however, lies in the risk of collateral damage to the U.S. economy. "Unless the president decides to prioritize addressing the Iran threat over all other issues, and namely China, it's unlikely any action they take is going to materially change Iran's calculus," commented Bloomberg Economics analyst Chris Kennedy.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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