Bessent warns allies, China as Trump plans ‘economic D-Day’ against Iran: ‘You are either with us or against us’
The escalation comes as President Donald Trump seeks to increase economic pressure on Tehran after months of military strikes and a US blockade that have disrupted Iranian oil exports.
Treasury Secretary Scott Bessent has warned allies and China that the United States is preparing an unprecedented economic campaign against Iran, or what President Donald Trump calls "Economic D-Day". The goal is to isolate Iran by imposing severe penalties on countries that support Tehran financially or commercially. Bessent stated that "you are either with us or against us," urging the world to either support the US campaign or face consequences.
The economic pressure aims to reduce Iran's access to international financial networks, lower oil exports, and increase inflation, intensifying economic pain. China, a major buyer of Iranian crude, may face severe consequences if it continues to support Iran, as the campaign aims to pressure countries into isolating Tehran economically.
Bessent said that this campaign could significantly worsen Iran's economic situation by restricting its ability to project power through regional proxies.
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