Having threatened Iran with ‘economic D-Day’, the US opts for surprising moderation instead
- News analysisSign up now: Get ST's newsletters delivered to your inboxUS Treasury Secretary Scott Bessent shifted from threatening harsh sanctions on Iran to a more moderate approach, emphasising quiet diplomacy and avoiding direct confrontation with China.
- The US imposed sanctions on 60 entities linked to Iran’s oil trade and military, aiming to cut off revenue.
- Sanctions are expected to remain the Trump administration’s primary instrument until the mid-term elections, with military options only feasible again afterwards.
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- News analysisSign up now: Get ST's newsletters delivered to your inboxUS Treasury Secretary Scott Bessent shifted from threatening harsh sanctions on Iran to a more moderate approach, emphasising quiet diplomacy and avoiding direct confrontation with China.
- The US imposed sanctions on 60 entities linked to Iran’s oil trade and military, aiming to cut off revenue.
- Sanctions are expected to remain the Trump administration’s primary instrument until the mid-term elections, with military options only feasible again afterwards.
Sources: Straitstimes