US Threatens Iran with Economic D-Day
US Treasury Secretary Scott Bessent has declared the start of an 'economic D-Day' against Iran, warning that the country's economic lifelines will be severed until Tehran stands alone. This represents 'the single greatest financial offensive ever marshalled against an adversary', according to Bessent.
The objective is to cripple the Iranian regime by targeting nations and entities that continue to buy or transport Iranian petroleum, facilitate financial flows, handle flights, maintain ship registries, or enable seaborne fuel transfers. Countries that fail to comply will be isolated.
Bessent made these comments in a post on X and an opinion article published in the Financial Times. Despite the heightened rhetoric, specific measures have not yet been set out. However, Bessent hinted that the package could centre on secondary sanctions against nations and entities that keep purchasing Iranian oil.