US threatens 'economic D-Day' sanctions on Iran as FTSE recovers

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Stocks rallied Monday, with the FTSE 100 recovering from an early slump, while US Treasury Secretary Scott Bessent prepared to unveil new Iran sanctions described as an "economic D-Day." Bessent's sanctions announcement and plans to double bond buybacks drew investor attention, while Iran's security chief warned of "earthquake-like" retaliation, threatening oil exports from the Persian Gulf. Oil prices dipped about one percent to just over $93 per barrel, dragging on Shell and BP shares. The UK government also announced a review into business rates for pubs and hotels. Analysts noted the FTSE 100 hugged the flatline with lighter volumes as investors focused on US events.


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US threatens 'economic D-Day' sanctions on Iran as FTSE recovers | News Minimalist