Treasury’s Bessent says US ‘to apply measures’ on Iran that ‘have never been seen in history’

US Treasury Secretary Scott Bessent speaks during an interview with Fox News outside the White House, July 30, 2026, in Washington. (AP Photo/Julia Demaree Nikhinson)
US Treasury Secretary Scott Bessent speaks during an interview with Fox News outside the White House, July 30, 2026, in Washington. (AP Photo/Julia Demaree Nikhinson)

US Treasury Secretary Scott Bessent says that the United States is going to apply measures that have “never been seen” on Iran.

“Watch this space for more announcements coming next week because we are going to apply measures like have never been seen in the history of economic isolation on a country,” Bessent says in an interview on on Newsmax’s “Rob Schmitt Tonight” program.

“It will be a combination of economic isolation like the world has never seen before, and the continued blockade in the Strait of Hormuz that will keep anything from going in or out of the Iranian ports,” Bessent says.

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