US launches sweeping financial campaign against Iran as Tehran warns neighbors
Treasury Secretary Scott Bessent announced what he called the single greatest financial offensive ever against Iran, saying the US would cut all economic ties and isolate any country that partners with Iran financially [1][2][3]. Bessent described the measures as an economic D-Day beginning at dawn and said the conflict was entering its endgame [2][3]. The move follows a missed 60-day ceasefire window that closed the formal truce mechanism in a war now in its sixth month, and came as Tehran threatened to seize vessels violating transit rules in the Strait of Hormuz [3]. Iran dismissed the comments and warned neighboring countries against joining a US economic war [2][4].
Sources
- whitehouse.gov · Operation Economic Outcast: Total Isolation of the Iranian Regime Aug 24, 2026
- bbc.co.uk · Iran faces 'greatest financial offensive ever', says US treasury secretary Aug 24, 2026
- cnbc.com · U.S. to unveil 'greatest financial offensive' against Iran as Tehran threatens ship seizures Aug 24, 2026
- thehill.com · Iran warns Middle East neighbors against joining US 'economic war' Aug 23, 2026
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