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Treasury Secretary Scott Bessent announces a coordinated economic isolation plan to collapse the Iranian economy.

Treasury Secretary Scott Bessent stated that the administration's plan to crush Iran's economy will likely eliminate the need for large-scale military operations. The strategy involves creating the greatest coordinated economic isolation in history by levying major penalties on any country providing a lifeline to Tehran. President Trump declared that the U.S. plans to choke Iran's economy by penalizing allies who continue to do business with the regime. Bessent noted that the economic pressure will work in concert with an ongoing naval blockade in the Gulf of Oman. While Iran's gross domestic product has contracted and inflation has reached historic highs, some experts remain cautious about an imminent collapse. The administration announced that the U.S. will put its full might toward enforcing these sanctions. In response, Iranian Foreign Minister Abbas Araghchi suggested that doubling down on failed policies could lead to further defeat and enmity from the Iranian people.

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