US Prepares Economic Blow to Iran | Dublin News

The U.S. is preparing to unleash unprecedented economic pressure on Iran, with Treasury Secretary Scott Bessent signaling measures never seen before — a “one-two punch” targeting Iran’s ports and finances. Despite past sanctions that failed to halt Tehran’s nuclear drive or Strait of Hormuz stance, Iran’s economy is already reeling from collapsing industry and choked oil exports. President Trump is watching from the sidelines, calling Iran’s inflation and cash crisis “low-key” while Iran gears up militarily for a prolonged regional conflict. Talks with the U.S. are stalled, and neither side budges on control of the vital Strait of Hormuz, through which a fifth of global oil flows. Oil prices hold steady at $87 a barrel, while Iran’s foreign minister hints at a “very close” shipping route deal with Oman — though details remain under wraps. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e69416508a046edb