U.S. Treasury Secretary Scott Bessent is warning of a major escalation in Washington’s economic pressure on Iran, with tougher sanctions potentially sending shockwaves through the global financial system. The measures are aimed at cutting Tehran off from revenue and restricting financial networks supporting Iran’s economy. Bessent’s warning signals that Washington could use its financial power to intensify pressure on Tehran and disrupt the channels that keep Iranian trade moving. The move comes as the Trump administration expands its sanctions campaign against Iran, raising concerns about wider impacts on global markets, banks, energy trade and international commerce.
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