Uploaded August 2026 | Updated September 2026, 2 weeks ago
US Treasury Secretary Scott Bessent has laid out plans for the "economic asphyxiation" of Iran, expanding Washington's secondary sanctions threats and warning of dire consequences for countries that decline to join the pressure campaign.
Bessent's address comes almost six months into a war on Tehran that has ground to a stalemate, with stalled peace talks and Iran preventing most traffic through the crucial Strait of Hormuz.
US Treasury Secretary Scott Bessent has laid out plans for the "economic asphyxiation" of Iran, expanding Washington's secondary sanctions threats and warning of dire consequences for countries that decline to join the pressure campaign.
Bessent's address comes almost six months into a war on Tehran that has ground to a stalemate, with stalled peace talks and Iran preventing most traffic through the crucial Strait of Hormuz.
