World · 20 August 2026

US Treasury boss to detail plans for maximum economic pressure on Iran

Treasury boss Scott Bessent will brief reporters on Monday about America's exact plans, after oil prices jumped to a three-week high. Donald Trump has threatened penalties for any nation helping Tehran, as Washington tries to end a conflict it started with Israel six months ago. Iran's foreign minister dismissed the warnings, claiming the president is simply trying to distract voters from record US debt.

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