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Wednesday, September 2, 2026 · UTC
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US Treasury Secretary Bessent Discusses Sanctions Consultations with Russia and China

US Treasury Secretary Scott Bessent stated Washington held quiet consultations with Russia and China regarding US sanctions on Iran.

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Stands on 11 placed sources from 3 publishers.
As of 2026-09-02 17:01 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
US Treasury Secretary Scott Bessent stated on September 2 that Washington has held consultations with Moscow and Beijing concerning American sanctions against Iran. [1] The United States is shifting its strategy against Iran from military pressure to economic sanctions targeting trade and supply networks. [2] US President Donald Trump proposed on Wednesday to rename the Strait of Hormuz as the 'Trump Strait'. [3] On August 24, Scott Bessent stated that Washington was tightening unilateral sanctions against Iran sharply to aim to sever Tehran's sources of income. [4] Scott Bessent asserted that with China on Iran, the United States has more in common than it has differences. [5] Scott Bessent described the consultations with Russia and China as very quiet conversations and expressed that he thinks the discussion can move forward. [6] Iran faces a strategic dilemma requiring a choice between enduring pressure, retaliating, or seeking negotiations. [7] Iran retains leverage over the United States and regional nations through control of the Strait of Hormuz. [8] The US aims to weaken Iran's resilience and force its international partners to choose sides in the conflict. [9] Tehran has closed the strategically important Strait of Hormuz since the war began on February 28 with Israeli and US strikes against Iran. [10] Trump cited his previous proposal to rename Lake Ontario, located on the border with Canada, to 'Lake America' as a precedent for the new suggestion. [11]
What this stands on
  1. US Treasury Secretary Scott Bessent stated on September 2 that Washington has held consultations with Moscow and Beijing concerning American sanctions against Iran. · TASS
  2. The United States is shifting its strategy against Iran from military pressure to economic sanctions targeting trade and supply networks. · Báo Nhân Dân điện tử
  3. US President Donald Trump proposed on Wednesday to rename the Strait of Hormuz as the 'Trump Strait'. · cyprus-mail.com
  4. On August 24, Scott Bessent stated that Washington was tightening unilateral sanctions against Iran sharply to aim to sever Tehran's sources of income. · TASS
  5. Scott Bessent asserted that with China on Iran, the United States has more in common than it has differences. · TASS
  6. Scott Bessent described the consultations with Russia and China as very quiet conversations and expressed that he thinks the discussion can move forward. · TASS
  7. Iran faces a strategic dilemma requiring a choice between enduring pressure, retaliating, or seeking negotiations. · Báo Nhân Dân điện tử
  8. Iran retains leverage over the United States and regional nations through control of the Strait of Hormuz. · Báo Nhân Dân điện tử
  9. The US aims to weaken Iran's resilience and force its international partners to choose sides in the conflict. · Báo Nhân Dân điện tử
  10. Tehran has closed the strategically important Strait of Hormuz since the war began on February 28 with Israeli and US strikes against Iran. · cyprus-mail.com
  11. Trump cited his previous proposal to rename Lake Ontario, located on the border with Canada, to 'Lake America' as a precedent for the new suggestion. · cyprus-mail.com
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