Trump administration announces ‘economic D-day’ sanctions on Iran

BREAKING: US Treasury Secretary Scott Bessent announces sweeping new sanctions dubbed 'Operation Economic Outcast' to sever 'every economic lifeline' sustaining Iran, warning any nation partnering with Tehran will share in its isolation.

Washington just declared economic war on anyone still trading with Iran. Treasury Secretary Scott Bessent unveiled it today, calling it Operation Economic Outcast, and the pitch is blunt. Sever every economic lifeline sustaining Tehran until it stands alone.

He went further. Any country or company that keeps buying Iranian oil faces secondary sanctions. His words, no one is above the reach of US sanctions. He even called it economic D-day, comparing it to the Normandy landings. That's the framing they chose.

Remember where we are. Six months into a war where US and Israeli strikes killed Supreme Leader Khamenei, and the government in Tehran is still standing. Iran has answered with missiles, drones, and a chokehold on the Strait of Hormuz that's already sent energy prices soaring.

So the real audience today isn't Iran. It's every capital still doing business with it, and Trump is reportedly calling them one by one.

This is Kateryna Kovalenko, reporting for HIT.