US Treasury secretary says new economic measures will ‘collapse’ Iran

Scott Bessent has not said if countries such as China could be targeted in an effort to economically isolate Tehran.United States Treasury Secretary Scott Bessent has said that a new series of economic measures will “collapse” the Iranian government, calling on countries to join the effort.Bessent told the news service CNBC on Thursday that the US would apply the “toughest sanctions in history” on Iran, its adversary in a nearly six-month-long war.Recommended Stories list of 3 itemslist 1 of 3How China and Russia could hobble Trump’s plans to isolate Iranlist 2 of 3‘Tremendous costs’: Can Trump stop other countries from trading with Iran?list 3 of 3Are ships passing Hormuz more willing to defy Iran or US? What data showsend of list“It is a one-two punch. We have the blockade [on Iran], and we are going to have the toughest sanctions in history,” Bessent said. “It is going to work in Iran, and we are going to collapse this regime.”He then offered a warning to the members of the international community that they too could face economic penalties if they continue to trade with Iran.“We’re going to them and saying: You’re either with us or against us,” Bessent said. “If you insist on d...