WASHINGTON/ISLAMABAD - The United States was set to warn countries to cut ties with Iran or risk their businesses being cut off from the dollar-based financial system when it unveils the "greatest financial offensive ever" on Monday, a source told Reuters.
U.S. Treasury Secretary Scott Bessent will outline measures at 1 p.m. (1700 GMT) to broaden the scope of potential secondary sanctions on entities and countries that maintain economic ties with Iran, said the source, who was familiar with the plans but not authorized to speak publicly.
