Iran dismisses US threat of ‘economic D-day’

Iran on Monday dismissed Washington's declaration of a massive economic pressure campaign, saying it disproved US claims to have dismantled Tehran's military and nuclear capabilities.

The streets of Washington, D.C., turned into a speedway on Sunday as IndyCars raced around the National Mall. Meanwhile, the Trump administration said new economic pressure for allies and enemies alike is its top focus. Olivia Rinaldi has more details.

Bessent told CNBC that the sanctions will be the "toughest" in history.

Iran has dismissed the threat of new US sanctions as desperate, saying the measures will fail to defeat Tehran.