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U.S. Economic War on Iran Escalates | Toronto News

U.S. Economic War on Iran Escalates | Toronto News

Published 2 days, 14 hours ago
Description

The U.S. is unleashing a full-scale economic war on Iran, calling it a “collapse” and staging an “economic D-Day” to cripple Tehran’s finances and military capabilities. Treasury Secretary Bessent claims major progress, but Iran retorts that the U.S. is admitting defeat by resorting to extreme sanctions. With the Strait of Hormuz blocked since February, global oil flows are disrupted, fueling inflation and political pressure at home. Iran’s oil exports have nosedived — despite decades of sanctions, they’ve always found ways to export — now Washington is targeting allies who help Iran, warning them of consequences. The standoff rages on, with both sides accusing each other of failure and escalation.

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