
US details plan to impose toughest sanctions in history on Iran
US Treasury Secretary Scott Bessent has detailed sweeping new sanctions against Iran aimed at severing its access to the global US dollar system.
US Treasury Secretary Scott Bessent outlined plans to impose what he termed "the toughest sanctions in history" on Iran, aiming to isolate its economy and target foreign trading partners.
The strategy involves excluding entities that facilitate trade or money laundering for Tehran from the global dollar system. Bessent stated on CNBC that Washington intends to "collapse this regime" and called on international allies to support the measures, stating, "You are either with us or against us." He suggested that heightened economic pressure could reduce the need for future major military action.
Following warnings from US President Donald Trump of an "economic D-day," Iran's rial dropped to a record low of approximately 1.99 million per dollar on unregulated markets.
Sources: BBC News, Bloomberg, Cyprus Mail, Sweden Herald, The Guardian


