Bessent to speak as Trump administration expected to unveil new Iran sanctions

Treasury Secretary Scott Bessent is set to unveil a new wave of sanctions against Iran on Monday, which the Trump administration is branding "economic D-Day." The press conference at the Treasury Department is expected to detail expanded secondary sanctions targeting entities and countries that do business with Tehran.

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President Trump has dismantled Iran's military capabilities, destroyed nearly 100 percent of its military factories, and buried its nuclear program. We are now entering the endgame. At dawn begins an economic D-Day, the single greatest financial offensive ever marshaled against an adversary.

These measures are part of a broader strategy to exert economic pressure on Iran, aiming to compel the reopening of the Strait of Hormuz and an end to the ongoing conflict. The administration stated the war would last weeks but it is now in its sixth month.

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The Islamic Republic has subsisted by dressing extortion as security guarantees. It has drawn strength from a calculus that regards Iranian retaliation as certain and American enforcement as negotiable. Under President Trump, that era is over. And those who fear the danger of defying Tehran ought not to discount the cost of testing Washington. The president has created the conditions to leverage every agency, every authority and action many assumed we would never summon. Our objective is to sever every economic lifeline that sustains the tyrannical regime until Tehran stands alone.

Bessent has described the upcoming sanctions as "the single greatest financial offensive ever marshaled against an adversary." He previously wrote in the Financial Times that the administration has dismantled Iran's military capabilities and nuclear program, signaling an "endgame" with this economic push. Bessent asserted that the era of Iran subsisting on "extortion as security guarantees" and testing American resolve is over.

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IRAN IS COMPLETELY COLLAPSING!!!

President Trump has consistently claimed Iran is collapsing, most recently on social media. This action follows previous Treasury sanctions, including one on August 7 targeting companies and individuals accused of laundering hundreds of millions of dollars. Bessent stated at the time that "every facilitator that keeps the regime afloat is putting a target on its own back."

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Every facilitator that keeps the regime afloat is putting a target on its own back. Treasury will continue to expose these networks and cut them off from the U.S. financial system.