Six months after the US launched its war against Iran, the conflict remains at a stalemate. Peace talks have stalled and traffic in the closed Strait of Hormuz remains severely restricted.
Following increased criticism at home about the costs of the war, the United States has shifted focus from military to economic means.
To be announced tonight
At 8 p.m. on Monday evening, Swedish time, Washington will present a new sanctions package that Treasury Secretary Scott Bessent describes as an "economic D-Day."
This is “the single largest financial offensive ever directed against an enemy,” writes Bessent on X. He claims that this is being done after the US has achieved its alleged war goals, such as “burying” Iran’s nuclear energy program and “dismantling” its military capabilities.
“Iran is completely collapsing!!!”, President Trump writes, in all caps, in a post on Truth Social.
“Doesn’t work”
Tehran describes the plan as proof of America's defeat in the war.
"Your narrative does not hold up," writes Iran's Deputy Foreign Minister Kazem Gharibabadi on X, where he asks why there is a need for such a comprehensive economic offensive if the US's goals have already been met.
President Donald Trump has given various reasons why he, together with Israel, started the war in February that quickly spread across the Middle East and sent oil and gas prices soaring.
He has often referred to Iran's nuclear energy program, despite claiming that it had already been "wiped out" in previous attacks by 2025.
