Bessent to speak as Trump administration expected to unveil new Iran sanctions

Washington — Treasury Secretary Scott Bessent is holding a press conference Monday at the Treasury Department as the Trump administration announces the details of what it's calling "economic D-Day" for Iran. Bessent is expected to broaden the administration's current sanctions regime with the threat of stronger secondary sanctions on entities and countries that transact with Tehran. The sanctions are part of the Trump administration's effort to apply economic tools to pressure Iran to reopen the Strait of Hormuz and eventually end the war that the administration originally said would last four to six weeks. That war is now in its sixth month. After months of military operations and failed negotiations, Bessent plans to outline the "single greatest financial offensive ever marshaled against an adversary." "President Trump has dismantled Iran's military capabilities, destroyed nearly 100 percent of its military factories, and buried its nuclear program," Bessent wrote in the Financial Times on Sunday. "We are now entering the endgame. At dawn begins an economic D-Day — the single greatest financial offensive ever marshaled against an adversary.""The Islamic Republic has subsisted by ...