Scott Bessent Skimps On Details In Big ‘Economic D-Day’ Iran Sanctions Announcement
New sanctions, which Bessent dubbed an “economic D-Day,” are intended to intensify pressure on Iran
Last updated: 2026-08-24 18:39:19 ET
New sanctions, which Bessent dubbed an “economic D-Day,” are intended to intensify pressure on Iran
Bessent’s move “does not change anything. It just reduces the cash that Treasury has on deposit,” one analyst says.
The Trump administration is trying to pull all economic levers at its disposal to cripple Tehran.
Treasury could use its General Account (TGA)
Speculators still see yields hitting new highs in 2026 and ending the year at levels elevated from where they're currently trading.
Treasury Secretary Scott Bessent on Monday launched “Operation Economic Outcast,” a campaign to cut Iran off from the global economy and punish go...
Claiming the U.S. is entering an “endgame” in its war with Iran, the treasury secretary is set to release details of what he called the “single greatest financial offensive” against an adversary.
One key is how any new U.S. sanctions might affect China, the No. 1 buyer of Iranian crude oil.
LIVE: Scott Bessent holds press conference on Iran sanctions
Treasury Secretary Scott Bessent is set to announce a new set of sanctions against Iran. Meanwhile, Canada's Mark Carney reacted to the Trump administ...
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