{
  "id": 2250242,
  "title": "Treasury Secretary Bessent says US will 'squash' Iranian economy, collapse 'murderous regime'",
  "url": "https://urgent.news/2026/08/20/treasury-secretary-bessent-says-us-will-squash-iranian-economy",
  "topic": "world",
  "section": "World",
  "published": "2026-08-20T23:36:48.000Z",
  "source": {
    "name": "Jerusalem Post",
    "slug": "jerusalem-post",
    "url": "https://www.jpost.com/international/article-906173"
  },
  "original_language": "en",
  "account": "US Treasury Secretary Scott Bessent declared during a CNBC interview on Thursday that the United States intends to dismantle the Iranian regime by imposing severe economic sanctions. He asserted, \"You are either with us or against us,\" emphasizing that the objective is to collapse the economy of this \"murderous regime.\" Bessent elaborated that the US would intensify economic pressure on Iran, in line with President Donald Trump's recent statements on Truth Social. Trump had declared that Iran would face \"an ECONOMIC D-DAY,\" a phrase echoed by Bessent. The Secretary also announced a press conference on Monday to provide further details on the economic pressure measures. He stressed that any American allies engaged in business with Iran, such as money transfers or oil purchases, would face full US government enforcement against them. Bessent dismissed previous reports suggesting that such measures have historically failed, asserting that the US is employing a \"one-two punch\" with a blockade and the toughest sanctions in history. He reiterated Trump's claim of US control over the Strait of Hormuz, stating that the US has the capability to maintain energy flow through the southern lane. Bessent added that this coordinated global economic isolation will be unprecedented in history, and Iran's regime will ultimately collapse under the pressure.",
  "summary": "\"I see lots of reports that said, 'oh, well, this has never worked.' It does work, because we have a combination. It is a one-two punch,\" Bessent said.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "Instant View: US Treasury will double some bond buy backs",
        "url": "https://urgent.news/2026/08/19/instant-view-us-treasury-will-double-some-bond-buy-backs",
        "published": "2026-08-19T13:43:28.000Z"
      },
      {
        "outlet": "Fortune",
        "title": "Bessent becomes most interventionist Treasury chief in decades",
        "url": "https://urgent.news/2026/08/20/bessent-becomes-most-interventionist-treasury-chief-in-decades",
        "published": "2026-08-20T19:07:36.000Z"
      },
      {
        "outlet": "Associated Press",
        "title": "Why Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far",
        "url": "https://urgent.news/2026/08/20/why-treasury-secretary-bessents-moves-to-calm-the-bond-market-havent",
        "published": "2026-08-20T19:53:01.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Warsh faces Fed independence test as Bessent moves in on central bank's turf",
        "url": "https://urgent.news/2026/08/20/warsh-faces-fed-independence-test-as-bessent-moves-in-on-central",
        "published": "2026-08-20T20:02:18.000Z"
      },
      {
        "outlet": "Qatar Tribune Business",
        "title": "Dollar slides as Treasury acts to calm bond market turmoil",
        "url": "https://urgent.news/2026/08/20/dollar-slides-as-treasury-acts-to-calm-bond-market-turmoil",
        "published": "2026-08-20T21:00:00.000Z"
      },
      {
        "outlet": "This Is Money",
        "title": "Bitcoin above $70k for first time since early June after Bessent's intervention in bond markets",
        "url": "https://urgent.news/2026/08/20/bitcoin-above-70k-for-first-time-since-early-june-after-bessents",
        "published": "2026-08-20T21:10:48.000Z"
      },
      {
        "outlet": "National Post",
        "title": "U.S. Treasury Secretary to detail plans to isolate Iran’s economy on Monday",
        "url": "https://urgent.news/2026/08/20/u-s-treasury-secretary-to-detail-plans-to-isolate-irans-economy-on",
        "published": "2026-08-20T21:40:38.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "US bond selloff resumes despite Treasury intervention",
        "url": "https://urgent.news/2026/08/20/us-bond-selloff-resumes-despite-treasury-intervention",
        "published": "2026-08-20T21:41:21.000Z"
      },
      {
        "outlet": "The Hill",
        "title": "Turmoil in Treasury bond yields sparks global worries: What to know",
        "url": "https://urgent.news/2026/08/20/turmoil-in-treasury-bond-yields-sparks-global-worries-what-to-know",
        "published": "2026-08-20T22:27:09.000Z"
      },
      {
        "outlet": "RTHK News - Finance",
        "title": "US bond sell-off resumes despite Treasury intervention",
        "url": "https://urgent.news/2026/08/20/us-bond-sell-off-resumes-despite-treasury-intervention",
        "published": "2026-08-20T22:51:35.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}