Treasury Secretary Bessent on Iran sanctions

View: Latest Iran sanctions risk economic showdown with China

There’s a China-sized hole in the Trump administration’s plan to wage an “economic D-Day” against Iran. When US Treasury Secretary Scott Bessent announced new sanctions on Monday targeting a range of individuals and entities alleged to support Tehran, and threatened more to come, Beijing was conspicuously absent from the list.China is Iran’s most important economic lifeline, and prior to the war, the two countries had a mutually beneficial oil a…

Can General Bessent win the war?

WASHINGTON, DC - AUGUST 20: U.S. Secretary of the Treasury Scott Bessent walks towards microphones to speak to members of the press outside the West Wing at the White House on August 20, 2026 in Washington, DC. Bessent announced today that he will hold a comprehensive press conference on Monday to unveil new details regarding unprecedented maximum economic pressure sanctions on Iran. (Photo by Alex Wong/Getty Images)

Treasury Secretary Bessent on Iran sanctions

Treasury Secretary Calls on China to Enforce U.S. Sanctions on Iran

Treasury Secretary Scott Bessent called on China on Aug. 20 to help enforce President Donald Trump’s expanded sanctions against Iran, telling CNBC that Beijing needed to “get with the program.” Bessent said Washington and Beijing were holding private conversations about the enforcement effort. “Keep in mind, the Chinese get 50% of their energy from the […]