US Treasury Secretary Scott Bessent has announced the beginning of what he described as an “economic D-Day” against Iran, signaling a major escalation in Washington’s financial pressure campaign against Tehran.
Bessent said the United States was entering a decisive phase in its approach to Iran, with economic measures now taking center stage. He described the planned action as one of the largest financial campaigns ever launched by the US against an adversary.
According to Bessent, President Donald Trump’s administration has already severely weakened Iran’s military capabilities. He further claimed that almost all of Iran’s military factories had been destroyed, leaving Tehran with significantly reduced capacity to support its military operations.
The US Treasury chief also claimed that Iran’s nuclear program had effectively been buried. He argued that the military phase had inflicted major damage on Iran’s strategic capabilities and that Washington was now moving toward a broader economic offensive.
The new campaign is expected to focus on Iran’s financial resources and international economic networks. US sanctions have previously targeted Iranian oil revenues, financial institutions, shipping networks and companies accused of helping Tehran bypass international restrictions.
Bessent’s remarks come amid heightened tensions between Washington and Tehran. Any expansion of US economic sanctions could have wider consequences for Iran’s economy, international trade and global energy markets. Iran’s role in the regional energy system means that further escalation could also affect oil supplies and prices.
