# US warns of unprecedented Iran economic measures, oil rises 2026-08-14T17:07:00+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet US Treasury Secretary Scott Bessent has said the Trump administration will announce next week 'measures like have never been seen in the history of economic isolation' against Iran, as the war in the Middle East enters its sixth month. Bessent, speaking to Newsmax, described the plan as a 'one-two punch' that also includes maintaining a naval blockade of Iran's ports. Brent crude settled above $88 a barrel on Friday, rising nearly 6% for the week, as traders weighed the threat. Two Abu Dhabi National Oil Co. vessels were attacked while transiting the Strait of Hormuz on Thursday, the UAE's state news agency reported, though no one was hurt. Iran has been in talks with Oman to reopen the strait, but no deal has been struck. Bloomber reports that 47 years of sanctions have not forced Iran to bend on its nuclear programme or relinquish control of the waterway. ## Coverage - livemint.com - livemint.com Tags: Donald Trump, Iran, Scott Bessent, Strait of Hormuz, US Treasury Canonical: https://indianopinion.org/us-to-announce-unprecedented-economic-measures-on-iran-next-week/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/us-to-announce-unprecedented-economic-measures-on-iran-next-week/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.