U.S. Treasury Secretary Scott Bessent has signaled that new economic actions against Iran would be coming next week.
By Catholics for Catholics
As a response to the threat of economic sanctions, a high-ranking Iranian general on Aug. 21 said Iran would give a crushing response to what he said was a “miscalculation” by the United States amid the Trump administration’s public talk of new sweeping sanctions against the regime.
Maj. Gen. Ali Abdollahi, the chief of staff of Iran’s military State-run media IRNA, said that his country’s military would deliver a “revolutionary, crushing, regret-inducing, and devastating responses,” adding that Iranian forces “maintain comprehensive, smart, and up-to-date readiness across all domains, including land, sea, air, air defense, space, and cyberspace.”
Tehran’s readiness would come as a “deterrent power in the face of unjust sanctions” and “hostile actions,” Abdollahi added, according to the Epoch Times.
Abdollahi’s warning comes a day after Scott Bessent, the U.S. Treasury Secretary, said the Trump administration is organizing new sanctions against Iran, while a nearly six-month-long conflict that erupted in late February remains ongoing.
US VP Vance says sanctions on Iran are 'new phase' of economic warfare
— The Cradle (@TheCradleMedia) August 21, 2026
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US Vice President JD Vance announced that Washington has formally transitioned into a new phase of its campaign against Iran, asserting that economic warfare has become the most effective tool available to… pic.twitter.com/hKq5jmBjUN
Bessent told CNBC Thursday that he would “talk about exactly what we’re going to do” against Iran at an upcoming press conference on Aug. 24.
“It is time for our allies and the rest of the world to make a decision,” Bessent said. “We are going to squash the economy of this murderous regime.”
Bessent said a U.S. naval blockade enforced on Iran in July alongside the “toughest sanctions in history” as a “one-two punch.”
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