Bessent to speak as Trump administration expected to unveil new Iran sanctions
The Trump administration is trying to pull all economic levers at its disposal to cripple Tehran.
Last updated: 2026-08-24 17:42:08 ET
The Trump administration is trying to pull all economic levers at its disposal to cripple Tehran.
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.
The Trump administration calls this "economic D-Day" on Iran. Iran vows to respond to fresh sanctions in a "seismic manner."
Treasury Secretary Scott Bessent said the new measures will be the "greatest financial offensive" ever.
The escalation came as both sides have missed a 60-day ceasefire window to reach a deal, closing off the formal truce mechanism to end the six-month w...
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