[Hot Air] The next major action in the war with Iran will not come from sorties over Tehran, an invasion of Kharg Island, or targeted hits on IRGC leadership. The US will launch its "economic D-Day" today to force the IRGC into capitulation from a podium. Treasury Secretary Scott Bessent will announce punitive sanctions on all countries still doing business with Iran at a press conference at 1 pm ET, essentially completing the economic blockade the US Navy has imposed since mid-April.
What will Bessent unveil today that will intensify an extant and comprehensive sanctions regime on the IRGC? Quite simply, Treasury will target the financial institutions that allow for black- and gray-market trade with the Iranian regime: |