Bessent to announce sweeping new Iran sanctions
Treasury Secretary Scott Bessent is scheduled to unveil new sanctions on Iran on Monday afternoon, escalating pressure on Tehran to negotiate an end to the conflict and fully reopen the Strait of Hormuz. President Trump had warned that Iran would face an 'economic D-day' without a deal. Iranian Foreign Minister Seyed Abbas Araghchi dismissed the effort, saying it would bring 'further defeat' for the US.
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This summary is AI-generated and original to Mobble; the linked article is the authoritative source.
Original headline: “Watch live: Bessent unveils ‘economic D-day’ sanctions on Iran.” Browse more stories.