Treasury Secretary Scott Bessent told Newsmax Thursday night that the Trump administration will announce unprecedented economic measures against Iran next week, signaling that a sharp escalation in economic warfare is just ahead as negotiations to reopen the Strait of Hormuz remain stalled. The warning comes as Tehran-linked Houthi rebel forces resume attacks on Saudi Aramco energy infrastructure, raising concerns that the conflict is spreading geographically and pushing Brent crude futures higher.
Bessent told Rob Schmitt of Newsmax:
And, you know, at the president's orders, we have raised the level even again, and watch this space for more announcements coming next week because we are going to apply measures like have never been seen in the history of economic isolation on a country. And I think the reason we are succeeding is because it is a one-two punch.
People say, well, you know, Cuba lasted a long time. Venezuela lasted a long time. Venezuela immediately crumbled when we put the blockade on. So, it will be a combination of economic isolation like the world has never seen before and the continued blockade in the Strait of Hormuz that will keep anything from going in or out of the Iranian ports.
Watch Bessent
US Treasury Secretary Scott Bessent announced upcoming unprecedented economic measures against Iran amid ongoing blockades of its ports pic.twitter.com/OV3etgd2k0
— Chay Bowes (@BowesChay) August 14, 2026
By the midpoint of this week, we explained that, with US-Iran talks stalled, Preside
