U.S. ‘Economic D-Day’ Targets More Than Just Iranian Oil
The United States threatened sanctions for any country or entity that engages with Iran’s gold, digital assets, aviation, shipping and tech industries. Here’s why that matters.
The United States threatened sanctions for any country or entity that engages with Iran’s gold, digital assets, aviation, shipping and tech industries. Here’s why that matters.
Top Iranian officials mock US 'economic D-Day' on social media Several top Iranian officials have taken to social media to mock US Treasury Secretary Scott Bessent's "economic D-Day" of sanctions on Iran, including parliamentary speaker and chief negotiator Mohammad Bagher Ghabilaf and Foreign Ministry spokesman Esmaeil Baghaei. Ghabilaf made fun of Bessent's apparent slip in Monday's press conference in which he appeared to imply that the sanctions risked collapsing the global economy, saying: "Sir this ain’t Normandy, this is improv night and you forgot your own script. " Meanwhile, Baghaei wrote: "Those who prefer to appear ‘as obedient as shadows’ say: ‘This is fine.
President Trump’s “Economic D-Day” is intended to break the stalemate with Iran. But decades of sanctions have done little to change the country’s behavior.
Tehran [Iran], August 25 (ANI): The United States has delivered a proposed diplomatic deal to Iran offering to lift blockades and economic sanctions in exchange for Tehran reopening the vital Strait of Hormuz and halting attacks carried out by its regional proxies, reported Al Arabiya English.
Oman and Iran propose temporary shipping lane through Strait of Hormuz Oman and Iran have agreed on a proposed framework to resume safe navigation through the Strait of Hormuz that includes establishing a joint temporary shipping lane and a mine-clearing project in the waterway, they said in a joint statement on Tuesday. "The two Ministers discussed a phased framework" that includes "the establishment of a joint temporary navigational corridor through the Strait of Hormuz and an agreement to implement a joint project to clear the Strait of mines", the statement said, adding that technical negotiations for a permanent solution would continue.
The White House has threatened sanctions on any country that trades with Iran in another bid to economically isolate the country, as US military efforts falter. Launching what he called Operation Economic Outcast, the US Treasury secretary, Scott Bessent, compared it with D-day. China, Iran’s biggest trading partner, has already signalled that it will not cooperate with Trump’s attack on the Iranian economy.
The White House has threatened sanctions on any country that trades with Iran in another bid to economically isolate the country, as US military efforts falter. Launching what he called Operation Economic Outcast, the US treasury secretary, Scott Bessent, compared it with D-day. China, Iran’s biggest trading partner, has already signalled that it will not cooperate with Trump’s attack on the Iranian economy.
WASHINGTON/TEHRAN, Aug. 25 (Xinhua) -- U. S.
China warns US of retaliation over expansion of Iran sanctions Submitted by MEE staff on Tue, 08/25/2026 - 13:48 Beijing says it will defend Chinese companies against secondary sanctions US President Donald Trump shakes hands with China's President Xi Jinping in Beijing, 15 May 2026 (Reuters) Off China on Tuesday warned the US that it could retaliate if Washington expands its sanctions campaign against Iran to target Chinese companies, potentially opening a new front in tensions between the world’s two largest economies. The warning came after US Treasury Secretary Scott Bessent on Monday announced measures aimed at further isolating Iran and threatening countries that continue to trade with Tehran with exclusion from the dollar-based financial system. The Financial Times reported that Beijing had warned against any significant extension of secondary sanctions to Chinese businesses, with a foreign ministry spokesperson saying that China would take “all necessary measures” to protect its interests.
Iran is no stranger to US sanctions and has developed deep economic ties with several countries.
Iranians queue for petrol after US announces new sanctions Long queues formed at petrol stations across Tehran on Tuesday after the United States announced fresh sanctions targeting Iran, AFP reported. The new measures come as Washington seeks to increase economic pressure on Tehran after six months of war that has reached a military stalemate, with peace talks stalled and most traffic through the strategically important Strait of Hormuz blocked. US Treasury Secretary Scott Bessent on Monday outlined plans for what he called the “economic asphyxiation” of Iran, saying the objective was to “sever every economic lifeline that sustains this tyrannical regime”.
Washington announced what it described as an "economic D-Day" against Iran, widening current sanctions and targetting countries with business ties with the regime.
Washington has launched a global campaign to cut off Iran's remaining trade, and its central message is aimed at third countries: keep doing business with Tehran and lose access to the United States. Treasury is calling it an economic D-Day.
The US says new sanctions ar an "economic D-Day", but Tehran's leaders have survived restrictions before.
The US has threatened to isolate nations that continue to do business with Tehran, which sells much of its oil to Beijing.
Beijing says it will take ‘all necessary measures’ to protect its interests as US steps up efforts to isolate Tehran Explainer: could US sanctions threaten China-Iran ties? China has denounced the threat of US sanctions for its trade with Iran , saying any such measures would be illegal, and warned it will take “all necessary measures” to protect its national interests. Beijing’s rejection of the US threat of secondary sanctions for any country or entity continuing to trade with Tehran had been predicted.
China warns US against expanding Iran sanctions to Chinese firms China has warned Washington that it will retaliate if the Trump administration significantly expands its Iran-related secondary sanctions against Chinese companies. US Treasury Secretary Scott Bessent announced measures on Monday targeting companies in mainland China and Hong Kong. Washington stopped short of sanctioning major Chinese financial institutions.
US promises 'asphyxiation' of Islamic Republic as it imposes new sanctions Submitted by Alex MacDonald on Tue, 08/25/2026 - 09:59 'Economic D-Day' promised against Iran alongside threats towards those trading with country US Secretary of the Treasury Scott Bessent takes questions from reporters as he speaks during a press conference in Washington on Monday (Kent Nishimura/AFP) Off The US has promised the "asphyxiation" of the Islamic Republic as it imposed harsh new sanctions on Iran and threatened those who traded with it. US Treasury Secretary Scott Bessent on Monday said they were working towards the "asphyxiation of this regime" amid the standoff in the Strait of Hormuz. "Iran now faces a very clear choice, with only two paths before them: complete global isolation and a subsistence economy, or a path back to normalcy with an opportunity to rejoin the global economy," Bessent told reporters in Washington.
New Delhi [India], August 25 (ANI): Dry bulk freight rates surged around 36 per cent between February and July 2026, reaching their highest level in three years, amid higher international oil prices, geopolitical tensions and robust demand for commodities, according to a report by Bank of Baroda Research.
Strait of Hormuz tanker traffic falls to lowest level since May Only two commodity tankers passed through the Strait of Hormuz on Monday, the lowest daily number recorded since early May, according to shipping data. Both vessels entered the Gulf from the Gulf of Oman, ship-tracking firm Kpler said. They included one very large gas carrier and one very large crude carrier.