Trump Launches 'Economic D-Day' Against Iran with Severe Sanctions

On Wednesday, Trump announced an intense campaign of economic isolation against Iran, claiming its military and economy are already in ruins and vowing no nuclear weapon for the country.

Treasury Secretary Scott Bessent backed the plan, promising to use full U.S. financial power against any banks, businesses, or governments aiding Iran, with details set for a Monday press conference.

Oil prices jumped to near $94 a barrel as markets worried about supply disruptions, while China rejected the sanctions and critics questioned their impact after decades of prior pressure.

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