United States intensifies economic pressure on Iran through secondary sanctions

The United States has intensified its economic campaign against Iran, moving toward what Treasury Secretary Scott Bessent termed an ‘economic D-Day’. The administration is implementing secondary sanctions targeting countries, banks, and companies that facilitate trade with Tehran, specifically aiming to disrupt sectors such as gold, digital assets, aviation, and technology. This strategy is largely directed at China, which previously accounted for a significant portion of Iranian oil exports.

President Donald Trump has stated that the U.S. is not seeking direct negotiations with Iran, instead relying on ‘Operation Economic Outcast’ to exert pressure. White House officials indicated these measures will continue until Iran agrees to serious negotiations. This escalation has heightened geopolitical tensions, particularly regarding the Strait of Hormuz and the potential for a broader confrontation with China.

In response, German Finance Minister Lars Klingbeil has called for an end to the ‘irresponsible war,’ citing its role in driving up global fuel prices. Additionally, German political leaders have suggested maintaining coal power plants through 2031 to ensure energy security amidst rising gas prices caused by the conflict. Meanwhile, negotiation expert Matthias Schranner has criticized the President’s approach, advising a shift away from public threats toward behind-the-scenes de-escalation.