Trump Administration Announces Aggressive Sanctions to Cripple Iran and Pressure Russia

Treasury Secretary Scott Bessent unveils updated sanctions targeting Iran's oil sector and Russia's energy exports to achieve foreign policy objectives.

• Treasury Secretary Scott Bessent outlined plans to shut down Iran's oil sector and drone manufacturing capabilities during a speech at the Economic Club of New York.
• The Trump administration aims to collapse Iran's economy by cutting off access to the international financial system and reducing oil exports to near zero.
• Bessent emphasized that the sanctions are part of an 'updated sanctions policy' designed for immediate maximum impact against Iran, following reports of assassination attempts on Trump by Iranian operatives.
• The administration also plans to impose stricter sanctions on Russia's energy exports to compel negotiations aimed at ending the ongoing war in Ukraine.
• Bessent warned about the risks of overusing sanctions, citing concerns about undermining the U.S. dollar's global supremacy and creating alternative markets for sanctioned entities.

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