US to Unveil Trump's 'Economic D-Day' Sanctions Against Iran

Americans are bracing for the potential impact on oil and gas prices as President Donald Trump prepares to unveil his “economic D-Day” sanctions on Iran. It comes as fallout from the administration’s intensifying trade war with Canada grows. NBC's Gabe Gutierrez reports and chief business correspondent Christine Romans

The Trump administration calls this "economic D-Day" on Iran. Iran vows to respond to fresh sanctions in a "seismic manner."

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.

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

Treasury Secretary Scott Bessent said new sanctions being imposed on Iran would amount to the "greatest financial offensive" ever.

Treasury Secretary Scott Bessent is due to hold a press conference Monday to unveil details of the US plan to economically isolate Iran and its trading partners after almost six months of war. Bloomberg's Abeer Abu Omar reports. (Source: Bloomberg)

Treasury Secretary Scott Bessent fired a blistering shot across Iran’s bow, declaring that President Donald Trump is bringing the hammer down on the Islamic Republic once and for all. Writing in the Financial Times on Sunday, Bessent wrote, “We are entering the endgame. At dawn begins an economic D-Day — the single gre

Welcome back to the City AM liveblog. The FTSE 100 is poised to edge up on Monday’s market open, with IG futures pointing to a gain of a few points in early trading. The blue-chip index ended last week on a high as it finished at 10,816 on Friday, adding 0.6 per cent to Thursday’s…

"Any remaining tie to Tehran will hasten the economic ostracism of countries and entities, whether that tie be purposefully constructed or wilfully ignored."

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.

"Markets are primed for Dollar debasement to resume and — as Japan shows — it can be next to impossible to stabilize a currency once it enters a devaluation spiral."