Trump escalates sanctions against Iran with economic D-Day

In the United States, President Donald Trump announced an expansion of secondary sanctions against Iran, targeting countries and entities that maintain business ties with Tehran. This escalation, described as 'economic D-Day' by Treasury Secretary Scott Bessent, aims to cut off Iran's financial lifelines as the conflict nears its six-month mark. The sanctions focus on sectors like oil smuggling and digital assets, with nearly 60 entities set to be sanctioned. Iran is reportedly experiencing severe economic distress, raising concerns about the potential for increased tensions in the region.