US Pushes Global Allies to Join Economic Campaign Against Iran

U.S. Treasury Secretary Scott Bessent announced a new campaign on August 20, 2026, aimed at isolating Iran's economy to force a regime collapse.

The U.S. government plans to provide specific details regarding these economic measures during a scheduled press conference on Monday, August 24, 2026.

Iranian Foreign Minister Abbas Araghchi condemned the threats as economic terrorism, while China, a major buyer of Iranian oil, faces pressure to join the U.S.-led initiative.