Trump wants more economic pressure on Iran

U.S. President Donald Trump has vowed to hit Iran hard economically, after Treasury Secretary Scott Bessent said that Washington would impose measures on Tehran that have "never been seen" as soon as next week.



Bessent is due to hold a press conference at 2 p.m. on Monday.



The United States, United Nations and European Union have applied sanctions, implemented trade embargoes and frozen assets since the late 1970s over Iran's nuclear program, human rights violations and support for militant groups.



Since the Iran war began in February, Washington has levied additional maritime, energy and financial sanctions and started a naval blockade.



Data from the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) shows the agency has imposed sanctions on more than 1,000 people, vessels and aircraft since Trump began his second term.