US sanctions Iran partners with grace period

The US announced potential expanded sanctions against Iran but delayed full implementation, targeting nearly 60 entities and five sectors on Monday while postponing punishment for partner countries. Treasury Secretary Scott Bessent called it an "economic D-Day" and a final warning, offering a grace period to unnamed nations. He promised swift action and additional sanctions on a financial institution by week's end. The US is intensifying efforts to curb China's Iranian oil imports, though avoiding sanctions on major Chinese banks to protect a rare earths deal. The move comes nearly six months into the US-Israel-Iran war, with Trump's approval at 33 percent.