United States Treasury chief Scott Bessent announced unprecedented sanctions against Iran. These stringent measures aim to avoid significant new military operations. Oil prices surged following these threats of financial penalties. Iran condemned the sanctions as economic terrorism and vowed defiance. Details of the comprehensive sanctions package will be revealed next week.

US treasury secretary vows Washington will 'collapse' Islamic Republic regime, promises toughest sanctions yet; US targets Hezbollah with new sanctions, emphasizing ties to Tehran

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

Treasury chief to hold conference next week outlining plan on sanctions campaign

US Treasury Secretary Scott Bessent says Washington will impose its toughest sanctions on Iran, while China urges diplomacy and rejects sanctions pressure.