President Donald Trump is considering a new wave of economic pressure on Iran that could reach beyond Tehran itself, potentially targeting Chinese banks, oil refiners and countries that continue doing business with the Islamic Republic as Washington searches for ways to intensify its financial campaign.
Trump vowed Friday to hit Iran hard economically, one day after Treasury Secretary Scott Bessent said the administration was preparing measures against Tehran that have "never been seen" and could be announced as soon as next week, according to Reuters.
