The US Treasury Department threatened damaging new sanctions on countries that refuse to cut economic ties with Iran — but stopped short of actually imposing big new penalties.
“We find that the best way to engage with countries is through quiet diplomacy, and we are level-setting with every country to tell them our expectations,” Treasury Secretary Scott Bessent said. “We know who they are. They know who they are.”
CNN spoke with experts to on their first reactions to Bessent’s announcement: economist Justin Wolfers and Retired Colonel Cedric Leighton.
0:00 Bessent: “We’re launching an economic onslaught”
0:19 What’s Iran’s response to these threats
3:16 What will this to do to get concessions from Tehran?
4:40 How will this affect the global economy?
7:50 Where does this leave the US military operation?
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