US Treasury Secretary Scott Bessent described the upcoming sanctions package against Iran as the « financial equivalent » of a bombing campaign. The Trump administration plans a « one-two punch » consisting of secondary sanctions aimed at isolating Iran from the global financial system, and potential blockades of Iranian ports. These measures, expected as early as the week of August 17, will target Iran’s financial networks, oil sales infrastructure, and foreign entities doing business with Tehran. Approximately 20% of the world’s oil passes through the Strait of Hormuz, making any naval action particularly sensitive for energy markets.
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