US Treasury Secretary Bessent says US to apply measures 'never seen before' on Iran
"It will be a combination of economic isolation like the world has never seen before, and the continued blockade in the Strait of Hormuz that will keep anything from going in or out," Bessent said
Assessment
The US Treasury Secretary is signaling a dramatic escalation in economic pressure against Iran, promising unprecedented isolation tactics alongside a naval blockade of the Strait of Hormuz. This suggests the Trump administration is moving beyond existing sanctions toward a total economic siege. The key question is how Iran, China, and other major oil consumers will respond to a blockade that could disrupt global energy markets.