US to impose ‘toughest sanctions in history’ on Iran; Scott Bessent bets on 'one-two punch' to cripple Ira
- Posted on August 20, 2026
- By Business News Today
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US to impose ‘toughest sanctions in history’ on Iran; Scott Bessent bets on 'one-two punch' to cripple Ira
US Treasury Secretary Scott Bessent said Washington will impose the “toughest sanctions in history” on Iran, with details expected Monday, as the Trump administration seeks to intensify economic pressure on Tehran. Bessent also urged China to cooperate, citing its dependence on Gulf energy and warning against sustaining Irans economy.
