Trump’s ‘economic D-Day’ tests Iran’s trading ties across the region

Trump’s ‘economic D-Day’ tests Iran’s trading ties across the region Submitted by Zahra Ladha on Tue, 08/25/2026 - 09:48 US sanctions deepen Iran’s economic crisis as Tehran threatens retaliation and regional escalation A drone view shows vessels in the Strait of Hormuz, as seen from Musandam, Oman, 15 June 2026 (Reuters) Off The US threat to sever Iran ’s economic lifeline with a raft of new sanctions, coupled with Tehran’s warnings of military retaliation and further restrictions on oil exports, has raised the stakes across the region. The new sanctions come a week after a 60-day window to negotiate a US-Iran peace deal and reopen the Strait of Hormuz expired. US Treasury Secretary Scott Bessent on Monday unveiled measures intended to isolate Iran's economy, with the US having struggled to solve the conflict with Tehran militarily.