Trump: Iran 'completely collapsing' as Treasury Sec. discusses 'economic D-Day'
Trump's post came as the US Treasury is expected to broaden the scope of secondary sanctions it can impose on entities and countries that maintain business ties with Iran.
US President Donald Trump asserted on Monday that Iran is "completely collapsing" in a post shared on Truth Social. This claim coincides with the US Treasury's anticipated expansion of secondary sanctions against entities and nations engaging in business with Iran, according to a source familiar with the administration's plans. The Treasury's move aims to intensify economic pressure on Tehran, a source close to the plans told Reuters, with the ultimate goal of compelling countries to sever their commercial ties with Iran to bring an end to the ongoing six-month conflict that has disrupted the Strait of Hormuz and Gulf energy exports.
The source, speaking anonymously due to lack of authorization to disclose such information, mentioned that Treasury Secretary Scott Bessent intends to outline a comprehensive economic pressure campaign against Iran. Bessent and Trump have labeled this strategy as an "economic D-Day," emphasizing that countries must choose to align with the US or face the severance of key companies and entities from the dollar-based financial system.
Written by urgent.news from Jerusalem Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- WTI Oil flirts with the $85.00 level as markets await economic D-Day sanctions on Iran fxstreet.com
- Oil falls ahead of US plan for economic war on Iran nst.com.my
- Iran faces 'economic D-Day', US Treasury Secretary warns bbc.co.uk
- US threatens Iran with 'economic D-Day' as markets await sanctions announcement euronews.com
- Oil trades lower even as Bessent promises ‘economic D-Day’ announcement on Iran marketwatch.com
