US sanctions on Iran called 'economic D-Day' by Treasury chief Bessent

Treasury Secretary Scott Bessent announced that sanctions against Iran, described as "economic D-Day," will be the "single greatest financial offensive ever marshaled against an adversary." The measures follow his Friday comments that the US would "collapse the regime" with the "toughest sanctions in history." President Trump warned that any nation providing "any type of lifeline" to Iran would face economic consequences. Bessent stated on social media that Trump has "dismantled Iran's military capabilities, destroyed nearly 100 percent of its military factories and buried its nuclear program," adding that the US is "entering the endgame." Tehran pledged "crushing, punishing and devastating" consequences if the US proceeds with the sanctions. Bessent dismissed the threat, saying "those who fear the danger of defying Tehran ought not to discount the cost of testing Washington."