TRUMP. US President Donald Trump gestures as he steps from Air Force One upon his arrival in West Palm Beach, Florida, USA, March 20, 2026.
Kevin Lamarque/Reuters
As the war with Iran nears its six-month mark, US Treasury Secretary Scott Bessent says the US is launching an 'economic onslaught' against Iran's financial connections around the globe
The Trump administration warned countries to sever business ties with Iran or face secondary sanctions, launching an 'economic onslaught' against Iran's financial connections globally.
New sanctions were imposed on 60 individuals and entities, but not on Chinese banks, despite China being the largest buyer of Iranian oil, with potential future sanctions hinted at.
