US Hits Iran with Economic Sanctions Targeting Oil Network

US Treasury Secretary Scott Bessent announced new sanctions against Iran, targeting its oil network as part of what he called 'economic D-Day' measures. The sanctions aim to disrupt the country's alleged 'shadow fleet' of oil tankers and other economic sectors.

The move is seen as a significant escalation in the US's efforts to pressure Iran, which has been at odds with Washington over its nuclear program and regional influence.

Bessent did not provide details on the scope or timing of the sanctions, but warned that they would have far-reaching consequences for Iran's economy.