Bessent says goal of ‘D-Day’ sanctions on Iran is ‘economic asphyxiation’

Treasury Secretary Scott Bessent announced a new sanctions package against Iran and foreign actors supporting its war machine. Aiming for economic asphyxiation, these measures target Iran's use of gold, aviation, shipping, technology, and digital assets. While Bessent described the initiative as an economic D-Day designed to broaden secondary sanctions risks, some economic experts suggest the current rollout serves as a warning, indicating that the most severe penalties promised by the Trump administration are still to come.