
Trump launches unprecedented economic campaign, threatening sanctions on countries doing business with Iran
President Trump announced an unprecedented economic campaign to pressure Iran into ending its nuclear program and reopening the Strait of Hormuz. Treasury Secretary Scott Bessent threatened secondary sanctions on countries doing business with Iran, aiming to isolate it financially. This follows nearly five decades of US sanctions and aims to force Iran's capitulation by targeting remaining income sources and trade partners. Despite praise from some analysts, critics warn this strategy may fail due to past lessons and Iranian distrust of the US.
21 AUG 2026
— NDTV
On Thursday, Scott Bessent, US Treasury chief, announced the imposition
· THIS STORY — NDTV
President Trump launched a new economic campaign to pressure Iran into ending its nuclear program and reopening the Strait of Hormuz.
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