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[INTERNATIONAL] · United States, Iran, United Arab Emirates, Israel · 6 sources

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US announces massive financial offensive against Iran

US Treasury Secretary Scott Bessent has announced a massive financial offensive against Iran, describing it as an economic ‘D-Day’. The administration intends to introduce the most severe sanctions in history to sever all economic lifelines supporting the Iranian regime. Bessent stated that the US is entering the ‘end phase’ of a six-month conflict, claiming that President Trump has already dismantled Iran’s military capabilities, destroyed nearly 100 percent of its military factories, and neutralized its nuclear program.

In response to the escalating pressure, the United Arab Emirates has suspended all trade and financial transactions with Iran. This move is considered a significant blow, particularly as Dubai has long served as a major hub for Iranian commerce.

Tehran has issued sharp warnings in retaliation. National Security Council Chief Mohsen Resai threatened to classify any Gulf states or other nations that join the US-led pressure as ‘enemies’. Additionally, Iran continues to block significant shipping traffic through the Strait of Hormuz, a critical waterway for global oil and gas supplies.

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Donald Trump · Iran · Mohsen Resai · Scott Bessent · United States

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