India, Aug. 24 -- US Treasury Secretary Scott Bessent has warned that Iran can expect the so-called "Economic D-Day" that President Donald Trump announced last week, on Monday.
"At dawn begins an economic D-Day - the single greatest financial offensive ever marshaled against an adversary," Bessent wrote in an op-ed published in the Financial Times Sunday.
Bessent will roll out tough economic sanctions that target Iran and its trade partners at a press conference at 1 p.m. ET.
He did not specify the measures to be imposed.
The Trump administration will target "fearful nations" that practice "appeasement" by engaging in economic and financial transactions with the Iranian government, he added.
"They would do well to consider the conseque...