'Money, not missiles': US launches financial attack on Iran

Money, not missiles: US launches financial attack on Iran - BBC News

BBC Homepage

Skip to content

Accessibility Help

Your account

Home

  • News
  • Sport
  • Earth
  • Reel
  • Worklife
  • Travel
  • Culture
  • Future
  • Music
  • TV
  • Weather
  • Sounds

More menu

  • More menu
  • Search BBC

BBC News Menu

  • Home
  • Climate
  • World
  • UK
  • Business
  • Tech
  • Science
  • Entertainment & Arts
  • Health
  • In Pictures

BBC Verify

Newsbeat

World

Middle East

'Money, not missiles': US launches financial attack on Iran

On Monday, US Treasury Secretary Scott Bessent announced an "economic D-day" against Iran, with further sanctions on the regime and countries doing business with it.

Iranian Economy Minister Ali Madanizadeh stated that Tehran was "fully prepared" for the sanctions, which he predicted would lead to "another defeat" for the US.

Iranians have already felt the impact of decades of sanctions, leaving their economy in shambles. The BBC's business editor Simon Jack described Washington's move as the "financial equivalent of a military attack using money, not missiles."

Watch: 'Money, not missiles': US launches financial attack on Iran (01:19)

Subsection: Middle East

Published 29 minutes ago

  • Iran sanctions
  • Economic sanctions
  • Middle East