economyFriday, August 14, 20262 sources
US Treasury Secretary Scott Bessent Announces Unprecedented Economic Isolation Measures Against Iran
On August 14, 2026, US Treasury Secretary Scott Bessent announced sweeping economic measures to isolate Iran, combining them with a naval blockade. The announcement came as part of a broader strategy to pressure Iran, with new policies expected to be unveiled the following week.
US Secretary of the Treasury Scott Bessent declared that the United States would implement measures to isolate Iran economically 'like the world has never seen before.' These measures will be paired with a naval blockade of Iran, according to TASS. The exact nature of the economic sanctions was not detailed by Bessent, though the timing of the announcement aligns with France24's report that new measures are expected to be announced next week. The US has long sought to limit Iran's access to global financial systems, and this move appears to be an escalation of that strategy.
Timelines
Sources
PublicFrance 24Aug 14, 06:31 AM
Middle East live: US threatens Iran with economic isolation like 'never seen before'US Treasury Secretary Scott Bessent threatened Thursday to subject Iran to economic isolation "like the world has never seen before", adding that new measures are expected next week. Follow our liveblog for the latest updates.
StateTASSAug 14, 04:38 AM
US to announce unprecedented measures to ensure Iran’s economic isolation — officialUS Secretary of the Treasury Scott Bessent did not provide details, but said the measures would be combined with Washington's naval blockade of Iran