“Economic D-Day’ sanctions against Iran will be ‘single greatest financial offensive ever’ Bessent says”
‘Economic D-Day’ sanctions against Iran will be ‘single greatest financial offensive ever’ Bessent says
The crushing “economic D-Day” sanctions being unleashed against Iran will be “the single greatest financial offensive ever marshaled against an adversary,” Treasury Secretary Scott Bessent vowed.…
nypost.com
One of Trump’s rationales for launching his war with Iran was his explanation that fifty years of sanctions did not stop Iran, that they didn’t work (https://abcnews.com/Business/wireStory/trump-pivots-back-sanctions-iran-strategies-end-war-135535367), but I guess now they do?
And, considering we’re now on to D-Day, what happened to last April’s “Operation Fury,” which we were told was the “financial equivalent” of a bombing campaign (https://apnews.com/article/trump-treasury-bessent-iran-sanctions-f45619d7ea3050bd4b1cdd9c3881ca2b)?
So why wasn’t Economic D-Day launched previously, before or in conjunction with all the other seemingly disappointing strategies, why was Trump holding it back till now?
Truth be known this is just another Trump attempt to calm the uneasiness on Wall Street. All his announcements and promises have reached the point of diminishing returns so he has to come up with something different.
I’d celebrate any end to this debacle but don’t have a lot of confidence given this Administration’s incompetence