The United States announced a series of sanctions against Iran and threatened its supporters in what Treasury Secretary Scott Bessent said was “the largest financial offensive in history.” Bessent called it an “economic D-Day” for Iran and said the United States would sever all economic ties with the country, adding that any nation partnering financially with Iran would also be isolated. However, the latest threat to the Iranian regime comes after several U-turns and extended deadlines by the White House in its efforts to end the conflict. The war has caused increases in global oil prices and, in response to the latest threat, Iran warned it would shut down all oil exports from the region if the war continued. The Iranian regime has also issued a new warning to shipping not to pass through the Strait of Hormuz without its permission, according to Reuters. narrow waterway south of Iran, but the flow has been effectively blocked by the country since the conflict began in late February, causing global oil prices to rise. At a news conference Monday outlining what has been dubbed “Operation Economic Pariah,” Bessent said the United States was launching an “economic attack on Iran’s financial connections around the world.” rejoin the global economy,” he said. The Treasury secretary said the United States is “no longer managing the Iranian threat, we are ending it.” Bessent said the Treasury Department had mapped the networks, facilitators and financial channels used by Iran to evade oil trade sanctions. The department said it has issued determinations against five sectors: digital assets, technology, gold, aviation and shipping. The Treasury has also imposed sanctions on nearly 60 entities, individuals and vessels. Bessent said such actions They would “tighten the noose and block any potential source of revenue” for Iran’s Islamic Revolutionary Guard Corps and the Iranian regime in general. In a warning to governments and entities that help or trade with Iran, he said they could not “claim that they do not allow this activity.” He declined to single out specific countries, but said Trump would call world leaders “with a specific request that they cease their interactions with the regime.”
