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A ‘new phase’ of the Iran War as US raises economic pressure | BBC News
Posted
August 21, 2026
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August 21, 2026
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17:32Now PlayingUS Vice President JD Vance says the Iran War is in a ‘new phase’ of economic pressure.
It comes as US Treasury Secretary Scott Bessent has said: “You are either with us or against us," as he urged US allies to support Washington's efforts to "squash" the Iranian economy.
But the Iranian Foreign Ministry has called the measures ‘economic terrorism’.
The BBC has also heard from people inside Iran on what life is like for them.
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