Treasury Secretary Bessent says US entering 'endgame' with Iran, will sever economic lifelines

US Treasury Secretary Scott Bessent announced a new phase of economic pressure against Iran, describing it as an "economic D-Day" and "the single greatest financial offensive ever marshalled against an adversary." Writing in the Financial Times on Sunday, Bessent stated the objective is to "sever every economic lifeline that sustains the tyrannical regime until Tehran stands alone." He warned that any nation continuing to provide economic support to Iran would "share in its isolation" and face significant consequences from Washington. This initiative follows statements from President Donald Trump on Truth Social, who also warned of "tremendous economic consequences" for countries providing any lifeline to Iran. Bessent reiterated in a CNBC interview that the US would "squash the economy of this murderous regime," asserting that this combined approach of blockade and sanctions would be effective in collapsing the Iranian regime.