Trump administration live updates: U.S. expected to announce new economic actions against Iran

Iran’s foreign minister dismissed the threat of new U.S. sanctions as a sign of desperation yesterday and said the expected new measures would fail to defeat Tehran. Treasury Secretary Scott Bessent, who is ?due to hold a press conference at 2 p.m. ET today, has threatened to impose “the toughest sanctions in history” on Iran. Read the full story here. Bessent previewed U.S. economic actions against Iran in what he referred to as “an economic D-Day” and “the single greatest financial offensive ever marshalled against an adversary.” In an op-ed for the Financial Times, Bessent pushed for countries to refrain…