Iran faces 'greatest financial offensive ever', says US treasury secretary
President Trump and US Treasury Secretary Scott Bessent announced a major economic warfare campaign against Iran, describing it as the greatest financial offensive ever. The US threatens sweeping new penalties and to sever economic ties with any country, business, or bank supporting Tehran, prompting the UAE to halt trade and leading Iran to vow retaliation against cooperating nations.
- President Trump announced a major economic warfare campaign against Iran
- The campaign threatens penalties on any country, business, or bank supporting Iran
- US Treasury Secretary Scott Bessent stated Iran faces the greatest financial offensive ever.
- The US plans to sever economic ties and isolate nations partnering financially with Iran.
- The US is threatening its toughest sanctions yet against Iran.
- Tehran has threatened retaliation against countries joining new US economic measures.
- Iran vows to retaliate against countries cooperating with fresh US sanctions.
- The UAE, Iran's largest Middle Eastern trading partner, ended all trade with Iran ahead of the US announcement.