Trump holds off on toughest Iran sanctions despite 'economic D-Day' billing, experts say

Treasury Secretary Scott Bessent promised an 'economic D-Day' against Iran and the foreign financial institutions helping keep its economy afloat. Economic experts say what arrived Monday looked more like a warning that D-Day is still to come. 'We believe that a warning shot and a level set of expectations is appropriate...' — Bessent. '...if people do not want to meet our expectations, then they should expect that they will leave the dollar system.' The piece's core news angle is that the administration stopped short of sweeping secondary sanctions on foreign banks — named roughly 60 individuals, entities, and vessels but held back the 'toughest' measures.