‘Economic D-Day’: U.S. threatens Iran with new sanctions, Tehran fires back

U.S. Treasury Secretary Scott Bessent has warned Iran of an economic D-Day, as it prepared to roll out economic sanctions that target Iran’s trade partners. The remarks followed shortly after Iran’s President Masoud Pezeshkian defended a memorandum of understanding with the United States as the best way out of a stalled war. Iran in turn vowed ‌to shut down all oil exports from the Gulf “if the economic war continues”.

In a post on X, Mr. Bessent wrote, “President Trump has dismantled Iran’s military capabilities, destroyed nearly 100% of its military factories, and buried its nuclear programme. We are now entering the endgame. At dawn begins an economic D-Day — the single greatest financial offensive ever marshaled against an adversary.”