Beijing has called for diplomacy after Treasury Secretary Scott Bessent urged countries to join Washingtons economic campaign against Tehran China has refused to join a US plan to "squash" Iran's economy, rejecting Washington's push to be part of the "toughest sanctions in history" against the Islamic Republic.
Beijing has called for diplomacy after Treasury Secretary Scott Bessent urged countries to join Washingtons economic campaign against Tehran China has refused to join a US plan to "squash" Iran's economy, rejecting Washington's push to be part of the "toughest sanctions in history" against the Islamic Republic.
Beijing has called for diplomacy after Treasury Secretary Scott Bessent urged countries to join Washington's economic campaign against Tehran China has refused to join a US plan to "squash" Iran's economy, rejecting Washington's push to be part of the "toughest sanctions in history" against the Isla
More vessels are navigating the Strait of Hormuz with their location devices turned off to evade attacks by Iran, adding to the threat of collisions.
JD Vance says US economic pressure 'most effective tool' against war on Iran US Vice President JD Vance said that the country has entered a "new phase" in its war on Iran, leading with economic pressure as Washington's "most effective tool". "We're kind of now in a new phase where the most effective tool that we have is the economic pressure that we can apply to them," Vance said during an interview with The Clay Travis & Buck Sexton Show. “We're going to keep that going," he added.
TEHRAN (Tasnim) – Iran’s Foreign Ministry condemned the latest US sanctions against the country, describing Washington’s decades-long policy of economic pressure as a form of “economic terrorism” and a “crime against humanity” that will not weaken Iran’s resolve to defend its independence.
The expiry of a 25-year gas contract has exposed a shift in the Iran-Turkey energy relationship, with Ankara now enjoying more supply options while Tehran risks losing one of its most dependable export markets.
US vows to 'collapse' Iran with new sanctions as energy prices spike The US will impose "the toughest sanctions in history” on Iran, Secretary of the Treasury Scott Bessent said on Thursday, vowing to ramp up economic pressure on the Islamic Republic even as the economic toll of the war builds. "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.
Washington, DC [US], August 21 (ANI): US Vice President JD Vance on Thursday (local time) said economic pressure remains the 'most effective tool' available to Washington against Iran, while describing the approach as a 'delicate dance', CNN reported.
Washington, DC [US], August 21 (ANI): The Trump administration on Thursday (local time) imposed new sanctions on Hezbollah and redesignated the group as an Iranian proxy, CNN reported. The US Treasury Department announced sanctions on 10 individuals alleged to be 'part of a network responsible for transferring cash' to Hezbollah.
Tehran [Iran], August 21 (ANI): The Iranian Ministry of Foreign Affairs has condemned the United States' latest economic sanctions against Tehran, calling them 'economic terrorism' and 'crimes against humanity' while accusing the US of continuing a decades-long policy of hostility towards the Iranian people.
Washington, DC [US], August 21 (ANI): US Treasury Secretary Scott Bessent on Thursday (local time) warned Iran of the 'toughest sanctions in history', saying Washington will pursue coordinated economic isolation against Tehran and seek to 'collapse this regime', Al Jazeera reported.
US Treasury chief urges China to back proposed Iran sanctions US Treasury Secretary Scott Bessent urged China to “get with the programme” over proposed sanctions on Iran, saying Beijing would benefit from the reopening of the Strait of Hormuz and lower energy prices. Asked in a CNBC interview whether Washington could target China for doing business with Iran, Bessent said such discussions were best held in private but that the United States was confident everyone wanted the strait reopened and energy prices to fall. “The Chinese get 50 percent [of their] energy from inside the Gulf.
The US treasury secretary says allies will need to decide whether they "are with us or against us".
US vows to 'collapse' Iran with new sanctions as energy prices spike Submitted by MEE staff on Thu, 08/20/2026 - 19:32 Soaring commodity and shipping prices underscore the risks of inflation as US readies 'economic D-Day' US Secretary of the Treasury Scott Bessent speaks to members of the press outside the White House on 20 August 2026, in Washington, DC (Alex Wong/Getty Images/AFP) Off The US will impose "the toughest sanctions in history” on Iran , Secretary of the Treasury Scott Bessent said on Thursday, vowing to ramp up economic pressure on the Islamic Republic even as the economic toll of the war builds. "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.
The United Arab Emirates’ decision to halt all trade and financial transactions with Iran threatens one of Tehran’s most important routes for imports, petroleum-product sales and access to international commercial and financial networks.
US targets Hezbollah with fresh sanctions The United States will on Thursday issue fresh sanctions targeting Lebanon's Hezbollah, including re-designating it under a terrorism authority, according to a statement seen by Reuters, in a move aimed at emphasizing its links to the Iranian government. While Hezbollah is not being designated under any new authority, the Treasury Department is re-designating it as a Specially Designated Global Terrorist "for service to the Iranian regime under the command of Iran’s Islamic Revolutionary Guard Corps-Qods Force," according to the statement.
Donald Trump has promised an “Economic D-Day” against Iran, a threat Tehran dismissed as another failed US policy. But with inflation, shipping costs and supply strains already biting, how much more pressure can Iran’s fragile economy absorb?
Iran condemns new US sanctions, calls them 'economic terrorism' Iran's foreign ministry condemned newly announced US economic and trade sanctions on Thursday, saying they targeted ordinary Iranians and amounted to "economic terrorism" and crimes against humanity. US President Donald Trump warned on Wednesday of sweeping economic consequences for any country that provided what he called "any type of lifeline to Iran", threatening economic warfare and isolation on an unprecedented scale. The Iranian foreign ministry said the measures would not weaken Tehran's resolve to defend its independence, national sovereignty and interests.
Mumbai (Maharashtra) [India], August 20 (ANI): Iran Consul General in Mumbai Saeid Reza Mosayeb Motlagh on Thursday hit out at US President Donald Trump's threat of 'TREMENDOUS Economic Consequences' against countries providing a 'lifeline' to Tehran amid his announcement of an 'Economic D-Day' on the Islamic Republic, calling the move a 'sign of weakness' for Washington.
