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International Business Times
International Business Times
Business

U.S. Threatens With 'Single Greatest Financial Offensive Ever' Against Iran. Tehran Takes Aim At Oil Traffic.

Iran is threatening to seize vessels that violate its transit rules in the Strait of Hormuz as hostilities with the U.S. continue. (Credit: Getty Images)

Treasury Secretary Scott Bessent said the U.S. is unleashing an "economic D-Day" against Iran as of Monday, calling it the "greatest financial offensive ever marshaled against an adversary."

"The Islamic Republic has subsisted by dressing extortion as security guarantees. It has drawn strength from a calculus that regards Iranian retaliation as certain and American enforcement as negotiable. Under President Trump, that era is over. And those who fear the danger of defying Tehran ought not to discount the cost of testing Washington," Bessent claimed in a social media post.

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