US threatens countries doing business with Iran

WASHINGTON, USA – President Donald Trump’s administration on Monday, August 24, warned countries to cut their business ties with Iran or face secondary sanctions as part of what it billed as an “economic D-Day,” but the US treasury department stopped short of actually imposing penalties. As the war with Iran nears its six-month mark, US Treasury Secretary Scott Bessent said the US was launching an “economic onslaught” against Iran’s financial connections around the globe. But he declined to say what specific countries would be targeted, or when those penalties would take effect. The treasury department announced new sanctions on 60…