'Money, not missiles': US launches financial attack on Iran
The US Treasury has announced new, aggressive economic sanctions against Iran, described as a financial equivalent to a military strike. Iranian officials claim the country is prepared to withstand the economic pressure.
Why it matters
This escalation marks a significant shift in US-Iran relations, focusing on financial isolation rather than direct military engagement.
'Money, not missiles': US launches financial attack on Iran Close On Monday, US Treasury Secretary Scott Bessent, announced an "economic D-day" against Iran, with further sanctions on the regime and countries doing business with it.
Iranian Economy Minister Ali Madanizadeh said Tehran was "fully prepared" for the sanctions, which he said would lead to "another defeat" for the US.
Iranians have felt the brunt of decades of sanctions, which left its economy in tatters.
The BBC's business editor Simon Jack described Washington's move as the "financial equivalent of a military attack using money, not missiles." and explains what the last development could mean for Iran.
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