World Mostly Shrugs Off Bessent’s ‘D-Day’ Iran Sanctions Threat
6 Articles
6 Articles
Some people wait two hours or more to fill the tank at Tehran's filling stations.Uncertainty deepened on Tuesday, after U.S. Treasury Secretary Scott Bessent promised to completely isolate the country from the global economy.
World mostly shrugs off Bessent’s ‘D-Day’ Iran sanctions threat
Treasury Secretary Scott Bessent began the week vowing an “economic onslaught” against Iran and its trading partners in a fresh bid to end the war. By the week’s end, countries with ties to Tehran had so far shrugged off the…
World Mostly Shrugs Off Bessent’s ‘D-Day’ Iran Sanctions
“Treasury Secretary Scott Bessent began the week vowing an ‘economic onslaught’ against Iran and its trading partners in a fresh bid to end the war. By the week’s end, countries with ties to Tehran had so far shrugged off the threat and analysts were left underwhelmed by the U.S. actions,” Bloomberg reports. “China, which buys […]
Scott Bessent promised an "economic offensive" capable of isolating Iran and punishing also those who continue to do business with Tehran. A week later, China continues to buy crude, Iranian banks remain open in Emirates and commercial flights maintain their routes. The big problem for Washington is obvious: to really asphyxiate Iran would have to face China.
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