#Opinion

Treasury Secretary Announces Maximum Economic Sanctions Against Iran

Treasury Secretary Scott Bessent announced on Thursday that the U.S. will impose "the toughest sanctions in history" on Iran, following President Trump's threat of "Economic Warfare." The announcement came as oil prices rose to a three-week high amid a nearly six-month-old conflict that has disrupted Middle Eastern shipping. Bessent stated that maximum economic pressure would reduce the need for military operations, with details to be shared at a Monday press conference.