US threatens countries doing business with Iran, but holds off on penalties for now

WASHINGTON (Reuters) -- US President Donald Trump's administration on Monday warned countries to cut their business ties with Iran or face secondary sanctions as part of what it billed as an "economic D-Day," but the Treasury Department stopped short of actually imposing penalties. As the war with Iran nears its six-month mark, Treasury Secretary Scott Bessent said the US was launching an "economic onslaught" against Iran's financial connections around the globe. But he declined to say what spec