US warns allies and China to join economic war on Iran
The US government is pressuring international allies and China to join a massive economic campaign aimed at isolating Iran and collapsing its current regime. Treasury Secretary Scott Bessent stated that this strategy is intended to avoid large-scale military conflict.
Why it matters
This represents a significant shift in US foreign policy toward economic warfare as a primary tool for regime change, impacting global trade and geopolitical stability.
US Treasury Secretary Scott Bessent speaking to reporters at the White House in Washington on Aug 20.
Listen Summarise The US warns allies and China to join President Trump's 'most crushing' economic campaign to isolate Iran and collapse its government. US Treasury Secretary says this economic pressure aims to avoid large-scale military conflict and will be the greatest coordinated isolation ever. Iran rejects the US plan as "economic terrorism," while Trump criticises ongoing military stalemate and promises unprecedented economic warfare against Iran. AI generated
WASHINGTON - The US on Aug 20 warned allies and China alike to join President Donald Trump’s new campaign to isolate the Iranian economy and “collapse” the government in Tehran.
US Treasury Secretary Scott Bessent’s comments underscored how Trump is shifting to economic rather than military pressure on Tehran as his unpopular war drags towards the six-month mark.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in