White House weighs how to achieve Iran’s ‘economic isolation’
Treasury Secretary Scott Bessent indicated announcements would come this week.
The Trump administration is contemplating further economic measures against Iran, according to a source close to the administration. Treasury Secretary Scott Bessent has hinted at forthcoming announcements, as reported by Semafor. The administration remains committed to a diplomatic resolution but warns that Iran's continued involvement in terrorism and its refusal to negotiate could prompt additional punitive actions.
Current sanctions and naval restrictions, the source argued, have already inflicted significant damage on Iran's economy. The primary challenge for the administration lies in escalating this economic pressure without inadvertently harming the American economy. Potential measures, such as seizing Iranian assets, targeting Iran's trading partners, and imposing sanctions on Chinese banks, may carry their own drawbacks. The Treasury Department declined to comment when asked for a response.
Written by urgent.news from Semafor's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
