On Sunday, Senate Majority Whip John Barrasso (R-Wyo.) said that Monday will be “D-Day” for the economy in Iran as the Trump administration and U.S. military vow to exert maximum financial and militaristic pressure on Tehran to end the war overseas.\u00a0<\/p>\n
“Their economy is in shambles. And they’re still dangerous. So, the president’s right to focus on it. And now he’s going even further economically. And as you said, tomorrow is D-Day for the economy in Iran,” Barrasso told guest host Jason Chaffetz during a Sunday appearance on Fox News’s “Sunday Morning Futures<\/a>.”\u00a0<\/p>\n The Wyoming senator said he believes the new pressure will cause the Iranian regime to fold \u2014 opening the Strait of Hormuz and agreeing to not having a nuclear weapon.<\/p>\n Iran’s decision to effectively close the Strait of Hormuz to commercial traffic ruptured the consistent flow of oil from the Middle East through a waterway responsible for carrying a fifth of the world’s oil transports daily.\u00a0<\/p>\n The Trump administration’s primary component for an “economic D-Day” includes the aggressive use of secondary sanctions, meaning the U.S. will severely penalize any foreign nation, bank or business that acts as an economic lifeline to Iran.\u00a0<\/p>\n Meanwhile, the Treasury Department has significantly ramped up enforcement on digital exchanges, freezing an estimated $500 billion in Iranian-linked cryptocurrency assets.<\/p>\n The U.S. Navy is also hunting down unregistered tankers and oil smuggling networks to drive Iranian crude exports to absolute zero while federal enforcement cracks down<\/a> on alternative banking mechanisms, including currency swap lines, cash transfers and underground exchange houses, as reported by CBS<\/a>.\u00a0<\/p>\n Treasury Secretary Scott Bessent is scheduled to reveal the exact, detailed mechanics of the expanded Operation Economic Fury plan during a press conference on Monday.<\/p>\n Despite efforts to ramp up punishment on Iran, their leaders say it’s a self-defeating mechanism<\/a> that will only cause U.S. national debt to increase as the war drags on.<\/p>\n “The so-called ‘Economic D-Day’ is a diversion from America’s own crisis: unprecedented debt & surging interest costs,” Abbas Araghchi, the foreign minister of Iran, wrote on social media<\/a> Thursday.<\/p>\n “Doubling down on failed policies will only bring further defeat\u2014and enmity of Iranians,” he added.<\/p>\n