Iran’s “Economic D Day” Is Here

WASHINGTON (AP) — Treasury Secretary Scott Bessent has announced a new round of sanctions aimed at Iran. At a news conference Monday, he also warned every country that does business with the Islamic Republic to sever those financial ties or face retaliation from the United States. The sanctions aim to further cut off Iran from the rest of the world economy after President Donald Trump pledged last week to unleash an “economic D-Day” against Tehran. Washington has promised the new sanctions would put even more pressure on an Iranian economy already battered by previous sanctions and a U.S. naval blockade.  Meanwhile, The head of Iran’s top security body says Tehran will see any country’s support for new U.S. economic measures against the Islamic Republic as an “act of war.” Iran’s president, meanwhile, said Sunday that the memorandum of understanding signed in June with the United States is the best way out of the stalled conflict.