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

The Trump administration is escalating economic warfare against Iran, targeting key financial channels and preparing for a major G20 push to isolate Tehran — all while avoiding direct military escalation. Treasury Secretary Scott Bessent signals a new “economic D-Day,” aiming to cut off Iran’s funding through sanctions on critical banks, including Emirati branches of Egypt’s Banque Misr. Though U.S. forces recently struck Iranian rocket launchers in the Strait of Hormuz, the focus remains on financial pressure — even as tensions rise. Bessent will confront China directly at the G20, warning that all options are on the table for sanctioning Beijing, despite media claims of U.S. hesitation. He insists the U.S. and China share common goals: keeping Hormuz open and stopping Iran from acquiring nuclear weapons. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/fd203a6f59f8f545