Trump Declares 'Economic D-Day' Against Iran
- On Monday, President Donald Trump declared Iran is "collapsing" as Washington prepared to announce a new economic pressure campaign that Tehran officials derided as an admission of military defeat.
- Treasury Secretary Scott Bessent declared an "economic D-Day" against Tehran, claiming the United States has "dismantled Iran's military capabilities, destroyed nearly 100 percent of its military factories, and buried its nuclear programme."
- Data from maritime tracker Kpler shows the United States naval blockade of the Strait of Hormuz has reduced Iranian oil exports from two million barrels a day pre-war to 0.4 million by mid-August.
- On Sunday, Iranian President Masoud Pezeshkian admitted Iran faced "many problems in society," stating: "We are striving with all our hearts to overcome inflation, livelihood problems, unemployment, and to secure the future."
- Quincy Institute's Trita Parsi told CNN this campaign will likely result in "counterescalation" by Iran rather than surrender, while China may continue resisting Western sanctions as Iran's largest trading partner.
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Evening Standard
Western Morning NewsFTSE 100 outperforms as oil price heads lower
Oil prices edged lower despite US Treasury Secretary Scott Bessent declaring that an ‘economic D-Day’ had begun against Iran.
LancasterOnline
The Sun ChronicleThe Latest: Trump administration plans to announces new sanctions against Iran
Treasury Secretary Scott Bessent is expected to unveil the Trump administration’s new financial campaign against Iran as the U.S. marks nearly six months of its war against the country. Iran has has already withstood nearly five decades of punishing American…
The US is further increasing economic pressure on Iran with new sanctions. What does the escalating economic conflict mean for Iran and the rest of the world?
Explainer-What are Iran's options to escalate further in face of US economic threats?
LONDON, Aug 24 - U.S. threats to impose "the toughest sanctions in history" to force Iran to buckle to its demands after nearly six months of war have raised the prospect of a new round of escalation in the Gulf.
Bessent threatening Iran with an ‘economic D-Day’ shows he’s panicking as US bonds sell off
The US Secretary of the Treasury, Scott Bessent, wrote an opinion piece for the Financial Times in which he threatened an “economic D-Day” for Iran, but Yanis Varoufakis has interpreted the bizarre rhetoric as a sign that Washington is not just panicking but has slipped into outright despair. Bessent: panicking This all happened while Bessent’s efforts […] By Nandita Lal
The United States is expected to take further action against that country in the context of the conflict
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