Bessent to Unveil 'Toughest Sanctions in History' on Iran Monday
The plan targets Iran’s oil sales, banking links and transport networks as Washington seeks to cut off Tehran’s remaining revenue sources.
- Treasury Secretary Scott Bessent is scheduled to hold a press conference at 2 p.m. EDT today to detail an 'economic D-Day' campaign, threatening unprecedented sanctions to isolate Iran and its economic partners.
- Since the United States and Israel launched a war on February 28, 2026, Iran has effectively blocked the Strait of Hormuz, halting shipping and pressuring its own economy.
- Targeting entities that provide cash transfers and oil purchase avenues, the administration warned that nations helping Iran will face "tremendous economic consequences" if they continue providing lifelines.
- Last week, the United Arab Emirates severed economic ties with Iran, while Iranian officials dismissed the threats as "economic terrorism" and vowed to retaliate against neighbors joining the campaign.
- China, purchasing more than 80% of Iran's shipped oil, has criticized the initiative, arguing that sanctions will not resolve regional tensions while analysts question if pressure forces capitulation.
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Trump’s ‘economic D-Day’ threats become warnings for countries to sever financial ties with Iran - Boston News, Weather, Sports
WASHINGTON (AP) — Treasury Secretary Scott Bessent announced a new round of sanctions aimed at Iran on Monday and warned every country that does business with the Islamic...
Iran warns of harsh response as US announces new sanctions and other Middle East news
Iran warned that new U.S. sanctions on Tehran announced Monday would not bring peace to the region. Meanwhile, Israeli and Syrian officials met less than a week after Israeli strikes in Syria. And Israel said it killed a Hamas commander…
Trump’s Renewed Economic War on Iran Risks Blowback
Ryan Costello, Policy Director with the National Iranian American Council (NIAC), issued the following statement as the Trump administration moves to intensify its economic pressure campaign against Iran following months of war and instability:“President Trump, the ultimate gambler in geopolitics, is poised to double down on a bad hand on Iran yet again.“We’ve been down the maximum pressure road with Iran many times. What we’ve learned is that P…
Trump administration prepares sweeping new sanctions against Iran
(NBC)- The Trump administration is preparing to unveil new details of what President Donald Trump has called economic warfare against Iran, marking a new phase in the nearly six-month conflict. Treasury Secretary Scott Bessent said Monday marks an “economic D-Day” and described the effort as the largest financial offensive against an adversary. Bessent is expected to announce sweeping new sanctions against Iran along with increased pressure on c…
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