U.S. to Unveil ‘Economic D-Day’ Sanctions Targeting Iran’s Economy

The Trump administration is set to announce on Monday what it is describing as its most comprehensive assault to date on Iran’s economy, unveiling a package of measures that are intended to isolate Iran from the rest of the world. Treasury Secretary Scott Bessent is expected to announce the plan at a news conference on Monday afternoon. The escalation of sanctions pressure comes as negotiations to end the military conflict between the United States and Iran continue to sputter. While the Trump administration has billed the effort as the coming of an economic apocalypse for Iran, it is not clear in practical terms what else the U.S. can actually do to further disrupt Iran’s economy. Mr. Trump has already carried out a “maximum pressure” campaign against Iran during his first term and earlier this year enacted a package of measures it called Operation Economic Fury. And as it ratchets economic pressure higher, the U.S. must also weigh the potential for blowback in the form of higher energy prices or the risk of inflaming tension with China, the world’s biggest buyer of Iranian oil. Mr. Bessent, along with President Trump, has signaled that the new initiative will include greater coordination between the United States and its allies to cripple Iran’s economy. It could include so-called secondary sanctions on those who continue to do business with Iran. “At dawn begins an economic D-Day — the single greatest financial offensive ever marshaled against an adversary,” Mr. Bessent wrote in a social media post on Sunday evening. “The President has created the conditions to leverage every agency, every authority and action many assumed we would never summon.” We are having trouble retrieving the article content. Please enable JavaScript in your browser settings. Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times. Thank you for your patience while we verify access. Already a subscriber? Log in . Want all of The Times? Subscribe .