Scott Bessent Announces ‘Economic D-Day’ on Iran
US Treasury Secretary Scott Bessent has declared that Washington is entering the “endgame” of its confrontation with Iran, announcing what he called an “economic D-Day” aimed at severing Tehran’s remaining financial and commercial links with the outside world.
Scott Bessent Announces ‘Economic D-Day’ Against Iran
Bessent said the Trump administration intends to deploy the full economic power of the US government in a coordinated campaign targeting Iran’s financial networks, oil trade and international commercial relationships.
He described the planned measures as the largest financial offensive Washington has mounted against an adversary, arguing that earlier military operations had weakened Iran’s military and nuclear capabilities and created conditions for intensified economic pressure.
Details of the new measures are expected to include tougher sanctions and stronger enforcement against entities continuing to conduct significant business with Tehran.
US Warns Countries Against Supporting Iran
Bessent warned governments, financial institutions and businesses that maintaining economic links with Iran could expose them to US penalties and broader financial isolation.
The Trump administration has indicated that secondary sanctions will form an important part of the campaign, potentially targeting countries and companies purchasing Iranian oil or facilitating financial transactions involving Tehran.
President Donald Trump has similarly warned countries against providing Iran with financial, commercial or logistical support.
Iran Rejects US Sanctions Pressure
Iran has rejected Washington’s latest threats, with Foreign Minister Abbas Araqchi arguing that further sanctions will fail to achieve US objectives.
Iranian officials have also warned of retaliation against countries participating in what Tehran describes as an American “economic war.”
The escalating confrontation has increased attention on the Strait of Hormuz, where disruptions to oil shipments remain a major concern for international energy markets. Washington’s new sanctions strategy could further intensify pressure on Iranian exports while increasing risks for countries maintaining commercial ties with Tehran.
