“Treasury Secretary Scott Bessent will hold a press conference Monday to announce sanctions against Iran that he has described as the greatest campaign of ‘coordinated economic isolation in the history of the world,'” CNBC reports.Said Bessent: “We are going to have the toughest sanctions in history, and I will tell you, this will work. It worked in Venezuela once we put up the blockade. It is working in Cuba right now, and it is going to work in Iran, and we are going to collapse this regime.”Bloomberg: Squeezing Iran means confronting China.