U.S. Readies Iran Sanctions

Treasury Secretary Scott Bessent is expected to announce Monday a new Iran sanctions campaign he called an “economic D-Day” and the “single greatest financial offensive” against an adversary. The Trump administration says the measures seek to isolate Iran’s economy and force a nuclear deal, with secondary sanctions on foreign banks and companies. Iranian security chief Mohsen Rezaei warned that foreign support would be an “act of war” and draw “seismic” retaliation. Oil prices fell ahead of the announcement: West Texas Intermediate dropped about 1.3% to $85.93, and Brent fell 1.24% to $93.22.