US Unveils Historic Sanctions on Iran Amid Stalled Peace Talks

The US is set to announce unprecedented economic sanctions on Iran in an effort to force Tehran's capitulation after six months of conflict. According to Treasury Secretary Scott Bessent, the measures will be a 'one-two punch' that includes the continued blockade of Iran's ports.

Bessent warned that the new sanctions would be unlike anything seen before, intensifying the Trump administration's push for economic pressure on Iran.

The move comes as talks aimed at bringing about a lasting peace have stalled and intermittent clashes continue to disrupt the flow of oil and other key commodities from the region. Iran's economy has taken a major hit, with its industrial capacity damaged and crude exports severely curtailed by the US blockade.