US Treasury Secretary Scott Bessent announced a new campaign targeting Iran’s economic network, aiming to cut off financial ties and block revenue sources. The strategy includes sanctions against countries and entities facilitating trade with Iran. Bessent described the move as an "economic D-Day" to isolate Iran and pressure its partners.
The sanctions are part of a broader effort to sever Iran’s economic lifelines, according to Bessent. He warned that any entity involved in money laundering for Iran will be excluded from the US dollar system. The campaign is designed to force countries to reconsider their business relationships with Iran.
The US has previously imposed sanctions on Iran, but this new approach targets not only Iran directly but also its allies. Bessent emphasized that the goal is to create an "economic onslaught" that will have a lasting impact on Iran’s financial stability. The move reflects growing tensions between the US and Iran over regional influence and economic policies.
The announcement was made during a press conference at the Treasury Department in Washington. Bessent’s remarks signal a more aggressive stance in the ongoing economic conflict with Iran.
