US urges allies and China to join economic campaign to 'collapse' Iran
Donald Trump's latest bid to pressure Tehran is as he comes under increasing pressure at home over a deeply unpopular war.
The United States has called on its allies and China to join an unprecedented economic campaign aimed at collapsing the Iranian government, according to Treasury Secretary Scott Bessent. Bessent announced that the details of the plan would be revealed on Monday, in response to President Trump's warning of the "most crushing economic operation ever" against Iran.
The plan would involve coordinated economic isolation of the country, with Bessent describing it as "the greatest coordinated economic isolation in the history of the world". China, in particular, was urged to participate in the campaign, with Bessent stating that China's cooperation is essential. Beijing has not yet indicated its stance.
The move comes as the US faces domestic pressure over the impact of the war and approaches crucial midterm elections. Iran has dismissed the threat as "economic terrorism".
Written by urgent.news from ABC News AU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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