The Journal. · Tuesday, August 25, 2026
The U.S. has initiated a new phase in its conflict with Iran, labeled 'economic D-Day,' led by Treasury Secretary Scott Bessant. This strategy involves imposing new sanctions on over 60 entities and individuals to sever Iran's financial connections globally, aiming to force Iran to capitulate to U.S. demands.
“In that same spirit, we are launching an economic onslaught against Iran's financial connections around the globe.”
“Our objective is to sever every economic lifeline that sustains this tyrannical regime until Iran stands alone.”
“We know who they are. They know who they are. So when the hammer of US Treasury actions falls upon them, they will have no one to blame but themselves.”