Business · World News Bureau
US Treasury Chief Pushes Allies to Tighten Sanctions on Iran
Treasury Secretary Russell Bessent has called on allied nations to support a coordinated approach to further restrict Iran's economy, warning partners they must choose sides in the policy dispute.
LSN World News ·

The Trump administration's top fiscal official on Wednesday pressed international partners to align with Washington's hardline Iran strategy, signaling that cooperation on economic pressure is a litmus test for allied relationships.
Bessent framed the choice starkly for US partners, stating they must determine whether they stand with American policy objectives or against them. The remarks underscore the administration's intent to pursue maximum economic pressure against Tehran, building on existing sanctions architecture.
The Treasury secretary's comments reflect broader US efforts to consolidate international backing for stricter measures against Iran's economy. The push comes as tensions remain elevated in the Middle East region, with the administration signaling few signs of diplomatic flexibility on Tehran's nuclear program and regional activities.
US officials have previously indicated that secondary sanctions on foreign entities doing business with Iran could be deployed against countries that resist American pressure. The Treasury Department has historically wielded its financial authority to discourage third-party trade and investment with targeted regimes.
Whether significant numbers of American allies will comply with renewed pressure remains unclear, as some nations maintain economic ties with Iran and have expressed interest in preserving the 2015 nuclear deal despite Washington's withdrawal from the accord in 2018.