US Unveils Major Plan to Expand Economic Sanctions on Iran Tonight

US Treasury Secretary Scott Bessent is set to reveal a comprehensive plan at 9 PM Israel time to intensify secondary sanctions against Iran. The initiative aims to significantly broaden penalties on countries, companies, and entities that continue trading with Tehran in designated sectors, though specific industries have not yet been disclosed. This move seeks to force Iran's trade partners to choose between maintaining business with Tehran or facing US sanctions, thereby isolating the Iranian regime from the global economy and increasing pressure on its financial capabilities.

Ahead of the announcement, President Donald Trump posted on his social media platform Truth Social, declaring, "Iran is completely collapsing!!!" Bessent had previously promised to impose the "harshest sanctions in history" on Iran as part of what Trump termed "Economic D-Day." The plan targets Iran's ability to fund and spread terrorism by cutting off its economic lifelines.

Trump also issued a stern warning to nations and entities engaged with Iran, demanding an end to oil smuggling, barter deals, cash transfers, and the use of front companies. He cautioned that any party providing Iran with a "lifeline" would face severe economic consequences from the United States. The announcement marks a significant escalation in Washington's efforts to isolate Iran economically and politically on the global stage.