'Entering the endgame': US Treasury Secy Bessent says economic D-Day begins against Iran
- Posted on August 24, 2026
- By Business News Today
- 1 Views
- 1 min read
In brief
The US Treasury Department escalates economic pressure on Iran through comprehensive sanctions targeting its financial infrastructure. Treasury Secretary Scott Bessent characterizes the strategy as an 'economic D-Day,' leveraging America's financial leverage to isolate Tehran's economy. In response, Iran has countered with threats to disrupt global oil flows via the Strait of Hormuz, intensifying geopolitical tensions and raising concerns about regional stability and international energy markets.
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'Entering the endgame': US Treasury Secy Bessent says economic D-Day begins against Iran
US Treasury Secretary Scott Bessent has declared an “economic D-Day” against Iran, saying Washington will use its full range of powers to sever Tehrans economic lifelines. Iran has threatened to halt oil exports through the Strait of Hormuz and called participation in the US campaign an act of war, escalating tensions.
