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U.S. Economic War on Iran Escalates | Toronto News
The U.S. is unleashing a full-scale economic war on Iran, calling it a “collapse” and staging an “economic D-Day” to cripple Tehran’s finances and military capabilities. Treasury Secretary Bessent claims major progress, but Iran retorts that the U.S. is admitting defeat by resorting to extreme sanctions. With the Strait of Hormuz blocked since February, global oil flows are disrupted, fueling inflation and political pressure at home. Iran’s oil exports have nosedived — despite decades of sanctions, they’ve always found ways to export — now Washington is targeting allies who help Iran, warning…
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