U.S. Treasury Secretary Announces Major Sanctions Offensive Against Iran

U.S. Treasury Secretary Scott Bassent told the Financial Times that a major financial offensive against Iran will begin, describing it as "the largest financial offensive ever against any adversary." Bassent said the goal is to cut off economic support for Iran's government. The main measure expected is sanctions on any country conducting economic trade with Iran, forcing nations to choose between trade with Iran or the United States. Bassent warned countries considering continued economic relations with Iran not to "underestimate the price of putting the United States to the test."