US warns of 'economic D-Day' against Iran

The US treasury secretary has threatened Iran with "the single greatest financial offensive ever", claiming the US-Israel war with Iran was "entering its endgame".

Scott Bessent said the US would sever all economic ties with the country in "an economic D-Day" and that any nation partnering with Iran financially would also be isolated. Will it work?

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(Photo shows US Secretary of Treasury Scott Bessent speaks to reporters in Washington, DC, USA on 20 August 2026. Credit: Shawn Thew/EPA)