Iran says it is ready for what US calls 'greatest financial offensive ever'

The US calls its latest sanctions on Iran an "economic D-Day", but Tehran says it has a plan to counter them.

The US treasury secretary has threated Iran with "the single greatest financial offensive ever", claiming the US-Israel war with Iran was "entering its endgame".

Treasury Secretary Scott Bessent said that the crushing “economic D-Day” sanctions being unleashed against Iran on Monday will be “the single greatest financial offensive ever marshaled against an adversary.” The imminent announcement of the impending financial penalties follows Bessent’s comments on CNBC Friday that t

The escalation came as both sides have missed a 60-day ceasefire window to reach a deal, closing off the formal truce mechanism to end the six-month war.

One month after the bond market went ballistic, with the 10-year Treasury yield breaching 4.7% and the 30-year Treasury yield skyrocketing to 5.17%, the market is now well and truly imploding. The benchmark 10-year hasn’t come down, and the 30-year has catapulted toward 5.3%, hitting its highest level since before the