AMERICANALMANAC (Sadie Smith) - Bessent promises 'economic D-Day' to cut off Iran's financial lifelines
Treasury Secretary Scott Bessent vowed to launch what he called the "single greatest financial offensive ever" against Iran, a sweeping sanctions campaign that threatens any nation still doing business with Tehran. Bessent laid out the threat in a Financial Times op-ed published Sunday, framing the new economic pressure campaign in wartime language and warning that […] The post Bessent promises 'economic D-Day' to cut off Iran's financial lifelines appeared first on American Almanac .
Treasury Secretary Scott Bessent vowed to launch what he called the "single greatest financial offensive ever" against Iran, a sweeping sanctions campaign that threatens any nation still doing business with Tehran. Bessent laid out the threat in a Financial Times op-ed published Sunday, framing the new economic pressure campaign in wartime language and warning that countries propping up Iran's economy face isolation from global capital markets. The op-ed came after a memorandum of understanding between the U.S. and Iran, reached in June, collapsed last month, and as Tehran's own leadership appeared divided over how to respond. The message from the Treasury Department was blunt: the era of nations quietly buying Iranian petroleum,…Open