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CriticalForeign Policynypost·Treasury Secretary Scott Bessent

US will hit Iran economically in ways ‘that have never been seen’ next week: ‘One-two punch’

Treasury Secretary Scott Bessent announced the US will impose new economic sanctions on Iran next week in conjunction with an ongoing naval blockade. These measures aim to further isolate Iran economically and restrict its financial capabilities.

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Friday, August 14, 2026 at 12:38 PM EDT
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