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2 weeks ago General
US Treasury Secretary Scott Bessent has announced a major expansion of the United States' economic pressure campaign against Iran, targeting not only Iranian entities but potentially foreign companies, banks and other businesses that continue to trade with Tehran.
The move would raise the stakes for countries, particularly major buyers of Iranian oil that defy Washington's sanctions.
Bessent has described the campaign as an economic "D-Day," while President Donald Trump has warned that countries doing business with Iran will face consequences.
Tehran, meanwhile, is vowing to resist the pressure and warning that further economic escalation could have repercussions far beyond Iran's borders.
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