Trump's 'Economic D-Day' Targets Iran With Expanded US Sanctions

The Trump administration has announced a major expansion of secondary sanctions targeting countries and entities doing business with Iran, a move described as an "economic D-Day" aimed at isolating Tehran globally. US Treasury Secretary Scott Bessent warned that nations continuing transactions with Iran face removal from the US dollar financial system. The new sanctions target Iran's oil smuggling networks, brokers, and intermediaries, with around 60 individuals, institutions, and ships already blacklisted. The US has given global partners a defined timeline to halt activities linked to Iran, though specific deadlines and penalties remain undisclosed. President Trump is personally calling world leaders to demand compliance. The sanctions also affect digital assets, technology, gold, aviation, and shipping, with some general licenses for transfers to Iran temporarily revoked. Iranian Parliament Speaker Mohammad Bagher Ghalibaf dismissed the US pressure, claiming America lacks the economic strength to block Iran's trade ties and that key partners are ignoring the threats.