Treasury Targets Iran’s Economic Lifelines | Annapolis News

Annapolis News Today | 2 Min News | The Daily News Now! · Aug 24, 2026 · 1m

Treasury Secretary Scott Bessent just dropped a heavy economic hammer on Iran, calling it an “economic D-Day” aimed at severing every last financial lifeline. The move targets global entities still doing business with Tehran—especially in oil—to cripple its revenue. Already, Iran’s rial has plummeted to record lows, and its economy is forecast to shrink by over 5% this year. President Trump’s message is clear: any player aiding Iran faces severe consequences. Iran retaliates by labeling this an “economic war,” threatening to block oil exports through the Strait of Hormuz and branding…