The US on Monday announced what it said would be an "unprecedented" bid to constrict Iran's economy, by targeting its trading partners, as the war in the Middle East continues with no real resolution or progress in sight.
Treasury Secretary Scott Bessent's much-hyped press conference did not include any solid measures or announcements, but he said to expect them to follow fairly rapidly in the course of the week.
He laid out plans for what he called the "economic asphyxiation" of the regime in Tehran, implying this would be achieved in large part via secondary sanctions on Iran's trading partners.
"Around the globe, our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone," Bessent told a press conference. "We are going to hold everyone accountable."
What did Bessent say about the plans?
