Brief by Shorts91 Newsdesk / 04:04am on 24 Aug 2026,Monday International
US Treasury Secretary Scott Bessent has declared an “economic D-Day” against Iran, saying Washington is entering the “endgame” of its campaign and will use its economic powers to sever financial channels supporting Tehran. Bessent accused Iran of treating security guarantees as “extortion” and said President Donald Trump had created conditions for the US to deploy its full authority against Iran. He claimed Trump had dismantled Iran’s military capabilities, destroyed nearly 100% of its military factories and buried its nuclear programme. Iran responded by threatening to halt all oil exports through the Strait of Hormuz and elsewhere in the Persian Gulf if the US economic campaign continues. Tehran also warned sanctions supporters could face an “act of war.” (PC: Bloomberg)
