Watch live: Bessent unveils ‘economic D-day’ sanctions on Iran

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Treasury Secretary Scott Bessent announced punishing sanctions on Iran and entities conducting business with the Islamic Republic. Described as an economic D-day, these expanded secondary sanctions aim to pressure the regime to negotiate a deal and reopen the Strait of Hormuz. This strategy seeks to avoid immediate military strikes while ratcheting up pressure during a no war, no deal limbo. U.S. officials expect these measures to remain the primary action until after the upcoming midterm elections.
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