US launches global financial offensive to isolate Iran

The United States is launching a global economic and financial offensive against Iran, announced by Treasury Secretary Scott Bessent, aiming to isolate the regime and force the opening of the Strait of Hormuz. The measures, described by the administration as a "D-Day" in the war against Iran, seek to cut off financial flows, including from China, and may impose tariffs on third countries trading with Tehran. Iranian officials have threatened to attack Gulf allies in response. The offensive follows U.S. military actions that reportedly destroyed Iran's military factories and nuclear program. The move comes ahead of the November 3 elections, as Trump seeks to lower oil prices, though Arab allies have warned against escalating conflict.