Bessent says goal of ‘D-Day’ sanctions on Iran is ‘economic asphyxiation’

Published August 24, 2026 4:27pm ET | Updated August 24, 2026 4:54pm ET



Treasury Secretary Scott Bessent unveiled new economic penalties and sanctions against Iran and the countries and foreign actors propping up the regime’s war machine.

Bessent told reporters at a Monday press conference that the sanctions will target Iran’s ability to exploit “digital assets, technology, gold, aviation, and shipping.”

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