Treasury Secretary Scott Bessent said the new measures will be the "greatest financial offensive" ever.
Source: [CBS News](https://www.cbsnews.com/live-updates/iran-war-us-trump-sanctions-strait-of-hormuz/)
President Trump has threatened economic penalties on countries that do business with Iran as he seeks to add pressure on Tehran to negotiate an end to the war.
China-based retailer swung to $99m loss in first quarter and faces scrutiny over its environmental footprint Business live – latest updates Shein, which built a fast-fashion empire on what seemed like impossibly low prices , has been forced to lower its own valuation in a cut-price stock market f...
Canada is vowing to impose fresh tariffs on US goods in retaliation for Trump administration taxes. The moves come after talks between the two trading partners broke down late last week.
NPR's Leila Fadel speaks with former Canadian diplomat Colin Robertson about the ongoing U. S. -Canada trade war.
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With military and diplomatic means to end the war with Iran stalling, Treasury Secretary Scott Bessent is set to explain a new round of economic pressure measures on Iran Monday.