The United States is unleashing a major new economic offensive against Iran as Treasury Secretary Scott Bessent announces further sanctions designed to intensify pressure on Tehran. Bessent has described the campaign as an “economic D-Day,” with Washington warning countries and companies that continue doing business with Iran could also face consequences.

In Washington, Bessent outlines the Trump administration's latest Iran sanctions, targeting financial networks, oil revenues and sanctions-evasion channels. The Treasury is expected to broaden the use of secondary sanctions against entities and countries maintaining business ties with Iran, potentially extending the pressure beyond Iran's borders.

The escalation comes as Washington seeks to isolate Tehran economically and cut off remaining financial lifelines. U.S. officials have focused heavily on Iran's oil trade, shadow shipping networks, front companies and financial facilitators. Treasury has already targeted networks accused of helping Iran move money and evade sanctions.

The measures could also create pressure on major trading partners, including China, where the possibility of sanctions against banks involved in Iranian transactions carries wider diplomatic implications.

Watch the full Scott Bessent press conference as the U.S. Treasury explains the latest Iran sanctions, economic pressure campaign, Iran oil restrictions and Washington's strategy toward Tehran.

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FULL PRESSER: Scott Bessent Announces Massive New Iran Sanctions in ‘Economic D-Day’ | AF15

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