India, Aug. 21 -- US-Israel-Iran War Latest Live News: The US-Iran standoff is entering another dangerous phase as Washington prepares what Treasury Secretary Scott Bessent calls "the toughest sanctions in history" against Tehran. The announcement follows US President Donald Trump's warning of broad "economic warfare" against countries that give support to Iran. Bessent is expected to provide more details on Monday, August 24.

US-Israel-Iran War Latest Live News: Tougher US Sanctions on Iran

Washington is now adding economic pressure to its existing blockade strategy as Bessent called it a "one-two punch" applying maximum financial pressure to reduce the need for another major military escalation. But the sanctions effectiveness is uncl...