Published on
24/08/2026 - 11:00 GMT+2
The US is ramping up its economic pressure on Iran after Treasury Secretary Scott Bessent declared the start of an "economic D-Day".
According to Bessent, this represents "the single greatest financial offensive ever marshalled against an adversary." He set out the position in a post on X late on Sunday and in a Financial Times opinion article published the same day.
Bessent stated that US President Donald Trump's military campaign had "significantly dismantled Iran’s military capabilities and weakened its nuclear programme". He added that the administration is now "entering the endgame" and that the economic measures begin at dawn.
