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Scott Bessent to unveil unprecedented sanctions against Iran's economy
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Treasury Secretary Scott Bessent is expected to unveil massive economic sanctions targeting Iran on Monday as the regime in Tehran continues to threaten shipping through the Strait of Hormuz.
President Donald Trump has vowed to target Iran's economy with an unprecedented wave of sanctions this week.
Iran's head of national security says Tehran will "retaliate in a seismic manner" to any sanctions and will consider any country supporting sanctions to be committing an act of war.
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