US announces bid to further isolate Iran economically
US Treasury Secretary Scott Bessent has outlined what he called "unprecedented" moves to isolate Iran economically. He said it will focus on third countries, warning those who don't comply will "share" in the isolation.
On Monday, the United States announced a bold plan to further isolate Iran economically in its ongoing war, according to Treasury Secretary Scott Bessent. The unnamed government intends to target Iran's trading partners as secondary sanctions to constrict its economic lifelines, aiming to force Tehran into a corner of either global isolation or a subsistence economy.
Bessent portrayed this as an 'economic asphyxiation' campaign, akin to President Donald Trump's "Economic D-Day," a comparison that drew ridicule for its historical inaccuracy. Iran's Economy Minister Ali Madanizadeh dismissed the threat, predicting the attempt as another 'defeat' for Washington, while asserting Tehran had a two-year plan to counter the sanctions.
Opposition to the US measures has been resolute, with Iran's Supreme National Security Council leader Mohsen Rezaei warning of severe retaliation, including the cessation of oil exports through the Strait of Hormuz.
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