President Trump announced an 'unprecedented' economic campaign against Iran. Treasury Secretary Bessent said specifics of the 'unprecedented economic isolation' measures will be published on the 24th; fewer than 24 hours remain. Iran warned on the 23

2026-08-24

President Trump announced an 'unprecedented' economic campaign against Iran. Treasury Secretary Bessent said specifics of the 'unprecedented economic isolation' measures will be published on the 24th; fewer than 24 hours remain. Iran warned on the 23rd that if the U.S. carries out an economic offensive it would stop oil exports via the Strait of Hormuz and across the Persian Gulf. Some analysts cautioned the measures could produce a mutually damaging outcome.