US Declares 'Economic D-Day' on Iran, Promises Sanctions Until Elections or Apocalypse
KEY POINTS
- •Treasury Secretary Scott Bessent announced new US 'economic D-Day' sanctions on Iran on August 24, 2026.
- •The US plans to use expanded secondary sanctions mainly until after the midterm elections, threatening any trading countries.
- •Iran faces severe economic crises with its currency hitting 2 million rials per dollar and food prices soaring.
Treasury Secretary Scott Bessent rolled out an 'economic D-Day' against Iran on August 24, 2026, threatening anyone who trades with the 'murderous regime' with America’s full wrath. Despite decades of half-enforced secondary sanctions hitting Iran's oil lifeblood and a naval blockade that turned Iranian currency into a near-million-to-one joke, the usual suspects — China, Russia, India, and more — keep cozy trading with Tehran. Inflation’s moonwalking past basic food prices, while even Iran's elite sweat paycheck uncertainty for the first time ever — yes, the ruling class might Google ‘financial anxiety.’ Meanwhile, Iranian bigwigs admit their economy’s tanking, but warn military firepower can’t feed hungry stomachs. Spoiler: No war, no deal, until the midterms set off another thrilling 'to be continued.'
Share the Story
(1 of 3)Source: Axios | Published: 8/24/2026 | Author: Barak Ravid