August 14, 2026
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3:52Now PlayingThe US will soon announce unprecedented economic measures against Iran, Treasury Secretary Scott Bessent said, intensifying the Trump administration’s effort to force Tehran’s capitulation after almost six months of war.
“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,” Bessent said in an interview with Newsmax on Thursday. The move will be part of a “one-two punch” that includes the continued blockade of Iran’s ports, he added. Fighting erupted on Feb. 28 when the US and Israel staged airstrikes on Iran, which responded with missile and drone attacks against American allies across the Middle East. Thousands of people were killed, mostly in Iran, before a truce was agreed in June.
Wayne Sanders, Senior Defense Analyst with Bloomberg Intelligence, joins Bloomberg's Tom Keene and Paul Sweeney to discuss
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