US vows ‘toughest sanctions in history’ against Iran, oil prices surge
US Treasury Secretary Scott Bessent said on Thursday that the US will impose “the toughest sanctions in history” on Iran, and the economic pressure is likely to prevent a kinetic restart on the battlefield. His announcement came a day after US President Donald Trump posted that he is launching the “most crushing economic operation ever […] The post US vows ‘toughest sanctions in history’ against…
US Treasury Secretary Scott Bessent announced on Thursday that the United States will impose "the toughest sanctions in history" on Iran. The economic pressure is expected to deter a military escalation in the region. This announcement came a day after US President Donald Trump declared the launch of the "most crushing economic operation ever taken against any country," involving "economic warfare and isolation on an unprecedented scale."
Iranian Foreign Minister Abbas Araghchi countered that the US strategy is a "diversion from America's own crisis: unprecedented debt and surging interest costs." He also labeled the US approach as "doubling down on failed policies" that will lead to further defeat. The economic sanctions announcement led to a sharp increase in Brent crude oil prices, with the price closing at $93.78 per barrel.
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