US Weighs New Economic Sanctions on Iran

The Trump administration is preparing severe new economic measures against Iran to increase financial pressure. Treasury Secretary Scott Bessent is expected to announce the unprecedented sanctions next week.

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U.S. President Donald Trump participates in a cabinet meeting at Camp David in Thurmont, Maryland, U.S., July 31, 2026. REUTERS/Daniel Heuer

United States President Donald Trump vowed to ratchet up economic pressure on Iran, targeting the regime with unprecedented measures as early as next week. The planned actions follow a naval blockade and extensive maritime sanctions implemented since February. The escalating campaign aims to sever remaining revenue channels supporting military operations in the region.

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