Bessent Provides Update On Trump Administration’s ‘Economic D-Day’ Against Iran

Treasury Secretary Scott Bessent rolled out the Trump administration’s much-anticipated “Economic D-Day” offensive against Iran on Monday but signaled the plan entails more of a threat than immediately bringing the hammer down, at least for now.

Bessent issued a warning during a press conference for all countries to cut off business and other financial ties with Iran or else face significant sanctions.

The plan has been named “Operation Economic Outcast” and promoted as comparable to the U.S. invasion of Normandy during World War II. But Bessent avoided naming specific countries that the U.S. is seeking to pressure and didn’t share many specific actions or a timeline that the federal government would take.

“Well, we are giving everyone the opportunity to remedy bad behavior, why would I want to blow up the global financial system?” he said, when asked at a press conference why sanctions wouldn’t take effect immediately.

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Cheers!

Thanks for your service to the United States and to our future

Let’s shut them down and out

— Gregg G (@gregg_gg4) August 25, 2026

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US has to unplug China on the way to destroy or dismantle Iran’s regime! All the world realizes that China 100% support Iran against US.

— Edward (@Edward747132868) August 25, 2026

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Let’s goo!! This is what I voted for!

— Michael Cooney (@CooneyBG) August 25, 2026

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Oil prices fell more than 3% on Tuesday, after the New York Times reported the State Department plans to return evacuated diplomats to the Middle East, in a sign the U.S. does not expect a return to full-scale war.

Brent crude oil futures were last seen trading 3.4% lower at $89.05 per barrel, its lowest since Aug. 13. U.S. West Texas Intermediate crude fell 3.6% to trade around $81.99 a barrel.

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