WASHINGTON – US Treasury Secretary Scott Bessent has announced the launch of a major economic campaign against Iran, saying Washington is entering a new phase of financial pressure on Tehran.
Scott Bessent said the United States was beginning what he described as an “economic D-Day” against Iran, calling it one of the largest financial actions the US has undertaken against an adversary.
According to the US Treasury secretary, Iran’s military capabilities have suffered severe damage following military action ordered by President Donald Trump. He further claimed that nearly all of Iran’s military factories had been destroyed.
Bessent also asserted that Iran’s nuclear programme had been effectively dismantled, saying the United States was now entering a decisive phase in its campaign against Tehran.
His remarks indicate that Washington intends to intensify economic and financial pressure on Iran following military action, potentially expanding measures targeting the country’s economy and sources of revenue.
The announcement comes amid heightened tensions between Washington and Tehran, with the US administration signalling that its strategy against Iran extends beyond military operations to include financial and economic measures.
Bessent did not provide detailed information about the specific measures that would form part of the new economic campaign. However, his comments suggest that the administration is preparing a broader effort to increase pressure on Iran through financial restrictions and economic sanctions.
The US Treasury Department plays a central role in enforcing American sanctions and financial restrictions against foreign governments, institutions and individuals.
The latest announcement is expected to increase uncertainty over Iran’s economic outlook and could have wider implications for regional markets and international trade.
Washington’s decision to escalate economic pressure also raises concerns about the potential for further confrontation between the United States and Iran, particularly as both sides remain engaged in a broader dispute over Tehran’s military and nuclear capabilities.
