US Launches Economic D-Day Against Iran Amid Ongoing Tensions

Oil prices are falling despite high tensions between the U.S. and Iran, as Washington begins its 'economic D-Day' against Tehran.

Treasury Secretary Scott Bessent declared that the U.S. is unleashing the 'greatest financial offensive ever marshaled against an adversary,' with the goal of severing every economic lifeline that sustains the regime.

The Trump administration has chosen to double down on economic pressure over a return to active conflict, and officials have said they have helped transport over 660 million barrels of oil through the Strait of Hormuz despite Iran's blockade.