World
US urges allies and China to back economic campaign against Iran
The United States called on allies and China to join its new economic campaign against Iran, with Treasury Secretary Scott Bessent vowing to “collapse this regime.” Iran dismissed the threats as “economic terrorism.”
The United States on Thursday warned allies and China to join President Donald Trump’s new campaign to isolate the Iranian economy, with Treasury Secretary Scott Bessent saying Washington would “collapse this regime” in Tehran. The comments underscored a shift to economic rather than military pressure on Tehran as the war approaches the six-month mark. Iran branded the U.S. threats “economic terrorism” and said they would fail. Under domestic pressure over the war’s impact and with midterm elections looming, Trump on Wednesday promised the “most crushing” economic operation ever against Iran.
- US to impose sanctions on Iran
- US Treasury Secretary Bessent
- US urges China to cooperate
- iran war sanctions
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