WORLD IN BRIEF:US threatens Iran allies with sanctions, China real estate billionaire jailed for life, Ghana miners demand $34.5m frozen savings and other stories
US threatens allies with economic pressure to isolate Iran Scott Bessent, US Treasury secretary has urged allies to back Washington’s read more WORLD IN BRIEF:US threatens Iran allies with sanctions, China real estate billionaire jailed for life, Ghana miners demand $34.5m frozen savings and other stories
The United States is set to implement its "toughest sanctions in history" against Iran, according to Treasury Secretary Scott Bessent. This aggressive economic pressure aims to force Tehran into a settlement and may help avoid a renewed large-scale military operation. Bessent also called upon China, Iran's biggest oil customer, to cooperate in reopening the Strait of Hormuz, a crucial energy shipping route at the heart of the conflict.
However, China rejected this approach, stating that sanctions and pressure would not resolve the issue and urging the parties to pursue political and diplomatic solutions. Bessent promised a "one-two punch" against Iran, combining the existing blockade with the new sanctions. He expressed confidence that the measures would work against Iran, potentially collapsing the regime.
The pressure campaign was announced alongside President Donald Trump's warning to countries providing financial, commercial, or government support to Tehran, with the potential for "tremendous economic consequences."
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- US vows toughest-ever Iran sanctions, presses China to help reopen Hormuz timesofindia.indiatimes.com
- US warns Iran of tougher sanctions as China urges diplomacy dailytimes.com.pk
