How much could Trump's 'economic D
The US government is planning an 'economic D-Day' strategy involving aggressive new sanctions against any nation conducting business with Iran. Treasury Secretary Scott Bessent and Vice-President JD Vance have signaled that the US will enforce these measures strictly to break the current geopolitical deadlock.
Why it matters
This represents a significant escalation in US foreign policy and economic warfare, potentially impacting global trade relations.
Share Save Add as preferred on Google Bernd Debusmann Jr White House reporter EPA Nearly six months after US President Donald Trump vowed a swift victory over Iran, the conflict appears to be at a standstill, with prospects of a military victory or negotiated settlement growing dimmer.
To break the deadlock, Trump has vowed an "economic D-Day" under which any country that does business with Iran would face "tremendous" economic consequences.
Iran, however, has long faced sanctions and has so far shown a willingness to endure pain, and a capacity to adapt to immense economic and military pressure as the conflict drags on.
The key question for the US then becomes, will further sanctions work where other strategies have failed?
The exact mechanics of the new US economic pressure campaign remain unclear, with Treasury Secretary Scott Bessent promising to reveal them in a news conference on 24 August.
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