Bessent says US will impose toughest ever sanctions on Iran, urges allies and China to cooperate
WASHINGTON: The United States will impose “the toughest sanctions in history” on Iran, US Treasury Secretary Scott Bessent said on Thursday as he urged Beijing to cooperate with Washington.
Bessent said he would hold a press conference on Monday to discuss details.
“It is a one-two punch. We have the blockade (on Iran), and we are going to have the toughest sanctions in history,” Bessent told CNBC. “It is going to work in Iran and we are going to collapse this regime.”
“It is time for our allies and the rest of the world to make a decision,” he said. President Donald Trump warned on Wednesday of economic consequences against any country that provided “any type of lifeline to Iran” as the United States looks to resolve a war it began alongside Israel nearly six months ago.
