{"id":221846,"date":"2026-08-24T22:49:44","date_gmt":"2026-08-24T22:49:44","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/trump-administration-announces-economic-d-day-sanctions-on-iran-al-jazeera\/"},"modified":"2026-08-24T22:49:44","modified_gmt":"2026-08-24T22:49:44","slug":"trump-administration-announces-economic-d-day-sanctions-on-iran-al-jazeera","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/trump-administration-announces-economic-d-day-sanctions-on-iran-al-jazeera\/","title":{"rendered":"Trump administration announces \u2018economic D-day\u2019 sanctions on Iran – Al Jazeera"},"content":{"rendered":"

Treasury Secretary Scott Bessent says US sanctions will intensify to choke off Iran\u2019s revenues and isolate the country.<\/em>
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US Treasury Secretary Scott Bessent has announced an economic pressure campaign<\/a> against Iran, vowing to target Tehran\u2019s financial interests across the world.
Bessent said on Monday that the US would target all of Iran\u2019s sources of revenue, including oil, with the aim of preventing other countries and companies from doing business with Tehran.<\/p>\n

\u201cAround the globe, our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,\u201d he said.
He said countries around the world must choose between the US and Iran, stressing that the new campaign exposes Tehran\u2019s trade partners to secondary penalties.
Bessent emphasised that \u201cno one is above the reach of US sanctions\u201d.
If countries and entities \u201cfacilitate transactions and are part of the ecosystem that turns Iranian oil into money, into repression, they will be targeted\u201d, he said.
While the US did announce a new wave of sanctions against Iran, Monday\u2019s campaign did not target any major international economic institution for dealing with the country.
Bessent framed the push as a strong warning for countries and companies across the world.
The campaign is dubbed \u201cOperation Economic Outcast\u201d. Bessent also called it \u201ceconomic D-day\u201d, likening it to the Allies\u2019 forces landing on French shores to push back against Nazi Germany during World War II.<\/p>\n

Asked why the US is threatening Iran\u2019s business partners instead of penalising them, Bessent said: \u201cWell, we are giving everyone the opportunity to remedy bad behaviour. Why would I want to blow up the global financial system?\u201d
His response underscores the risk that secondary US sanctions pose to the broader international economy.
The economic pressure campaign comes nearly six months into the war with Iran, after the US and Israel launched strikes against the country without direct provocation.
While US and Israeli attacks have killed Supreme Leader Ali Khamenei<\/a> and several other top officials, they have failed to dislodge the governing system in Tehran.
Tehran has responded to the US and Israeli strikes with missile and drone attacks across the region. It has also largely shut down and asserted control over the Strait of Hormuz, a major artery for global energy, sending oil and gas prices soaring.
Multiple rounds of fighting and diplomacy have failed to resolve the crisis.
Monday\u2019s sanctions push is the latest effort by the US to pressure Iran to make major concessions, including giving up its nuclear programme and ceasing attacks on vessels in Hormuz.
In April, the US announced a blockade on Iranian ports, but Iran has remained defiant despite the naval siege.
\u201cThe blockade has clearly hurt Iran, especially its oil exports, but it hasn\u2019t produced the political outcome Washington wants. Iran hasn\u2019t capitulated,\u201d Sina Toossi, a fellow at the Center for International Policy, told Al Jazeera.
\u201cHormuz remains heavily disrupted, and the costs to the US and global economy are mounting. So, \u2018economic D-Day\u2019 looks like an effort to intensify the pressure now that the military campaign has failed to deliver a decisive outcome.\u201d<\/p>\n

Bessent said US President Donald Trump has been making calls to world leaders \u201cwith specific requests to cease their interaction with the regime\u201d.
\u201cThose who stand with the United States will reap the rewards of our partnership. Those who tether themselves to the Iranian regime should expect to share in the isolation,\u201d he said.
The US officials said new sanctions will target \u201cfive of Iran\u2019s most vital lifelines\u201d: digital assets, technology, gold, aviation and shipping.
The US Treasury also imposed fresh sanctions on 60 entities, vessels and individuals across the world \u2013 including in the United Arab Emirates, Hong Kong, China, Singapore and Switzerland \u2013 accusing them of enabling the \u201cIranian regime\u2019s recklessness\u201d.
On Sunday, Iranian Foreign Minister Abbas Araghchi<\/a> dismissed US pressure, stressing that economic sanctions against Iran are nothing new.
\u201cThey cannot think of any other solution in confronting the great Iranian people, so they repeatedly put forward the same old plans,\u201d Araghchi said.
Pentagon chief Pete Hegseth said on Monday that Iran cannot handle the economic pressure, emphasising that Tehran will have \u201cno choice\u201d but to return to the negotiations table to discuss its nuclear programme.
The US and Israel launched the war against Iran in February during ongoing nuclear talks.
The Trump administration is turning to economic penalties amid a lull in the fighting after months of war and sporadic attacks, but Hegseth did not rule out further US strikes against Iran.
\u201cIf we need to use kinetic strikes, we\u2019ll use them. If Iran is foolish enough to overplay their hand or mess with the American military, we\u2019ll do what we need to do,\u201d Hegseth told reporters.
\u201cBut economic pressure, we know, hurts them the most right now.\u201d<\/p>\n

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Treasury Secretary Scott Bessent says US sanctions will intensify to choke off Iran\u2019s revenues and isolate the country.SaveShareUS Treasury Secretary Scott Bessent has announced an economic pressure campaign against Iran, vowing to target Tehran\u2019s financial interests across the world.Bessent said on Monday that the US would target all of Iran\u2019s sources of revenue, including oil, […]<\/p>\n","protected":false},"author":1,"featured_media":221847,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-221846","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world","entry"],"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/221846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=221846"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/221846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/221847"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=221846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=221846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=221846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}