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The U.S. has spent 20 years promising ‘crippling sanctions' on Iran. But the latest effort comes with a reverse twist, after military action failed to accomplish President Trump's goals.
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Treasury Secretary Scott Bessent unveiled new economic sanctions package against Iran. It includes measures to impose sanctions on anyone that deals with the Islamic regime in Tehran.
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Analysts say Tehran could intensify the dispute militarily after the United States announced new efforts to squeeze Iran's economy. One Iranian official vowed that "not a single drop of oil" would leave the gulf.
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The Trump administration calls this "economic D-Day" on Iran. Iran vows to respond to fresh sanctions in a "seismic manner."
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In recent weeks, the police have closed dozens of cafes, often citing laws that stipulate women must veil in public. Experts say the closures are part of an effort to control public space.
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Monday's announcement was directed at countries whose trade and business relations still benefit the Islamic Republic.
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President Trump has threatened economic penalties on countries that do business with Iran as he seeks to add pressure on Tehran to negotiate an end to the war.
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An "economic D-Day is coming for Iran," U.S. Treasury Secretary Scott Bessent warned on Sunday.
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