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.

US announces toughest sanctions on countries trading with Iran. Iran reconstruction funding in a US-Iran deal by 2026 at 18.5% YES.

Treasury Secretary Scott Bessent will hold a press conference Monday to unveil what he calls unprecedented economic isolation measures targeting