US Unveils Sanctions on Iran, Vows 'Seismic' Response

The United States will unveil new economic sanctions on Iran Monday, an action President Trump has dubbed "economic D-Day." Treasury Secretary Scott Bessent called it the "single greatest financial offensive ever" against Tehran. The sanctions aim to sever all economic lifelines to Iran, targeting countries and governments that host entities providing cashflow, including China, Iran's largest oil customer. Iran's currency has plunged to a record low, and Tehran has vowed a "seismic" retaliation, threatening to target oil tankers in the Persian Gulf. Iran's economy is already struggling with nearly 90 percent inflation, power cuts, and rising unemployment, with ordinary citizens bearing the brunt. Analysts question the effectiveness of new sanctions, noting existing measures have already targeted most avenues of support.