US Treasury Secretary Scott Bessent told Newsmax on Thursday that President Donald Trump’s administration will announce new measures against Iran next week that he said will take the economic isolation of the country to an unprecedented level, Newsmax reports.

"And watch this space for more announcements coming next week because we [i.e. the US] are going to apply measures like have never been seen in the history of the economic isolation of a country," Bessent told "Rob Schmitt Tonight."

"It will be a combination of economic isolation like the world has never seen before and the continued blockade in the Strait of Hormuz that will keep anything from going in or out of the Iranian ports," Bessent said.

After Operation Epic Fury, the U.S. military campaign launched against Iran earlier this year, Bessent said the administration shifted its focus toward what Treasury calls "Economic Fury."

"We went from Epic Fury to Economic Fury," Bessent said. "And at the president's orders, we have raised the level even again."

Treasury has said Economic Fury has disrupted tens of billions of dollars in revenue that otherwise could have been available to Iran and its proxies.