U.S. Treasury Secretary Vows Unprecedented Action Against Iran

August 14th - U.S. Treasury Secretary Benson stated on the evening of August 13th local time that the U.S. will take "unprecedented" action against Iran. In an interview, Benson said, "This will involve unprecedented economic isolation measures, as well as a continued blockade of the Strait of Hormuz, thereby cutting off all entry and exit channels to Iranian ports - please stay tuned for more announcements to be released next week." (FXStreet)