US vows to 'collapse' Iran with new sanctions as energy prices spike

US vows to 'collapse' Iran with new sanctions as energy prices spike The US will impose "the toughest sanctions in history” on Iran, Secretary of the Treasury Scott Bessent said on Thursday, vowing to ramp up economic pressure on the Islamic Republic even as the economic toll of the war builds. "It is a one-two punch. We have the blockade [on Iran], and we are going to have the toughest sanctions in history," Bessent told CNBC.