Bessent unveils sanctions designed to cripple Iran

Treasury Secretary Scott Bessent announced on Monday that the U.S. will impose punishing sanctions on countries and entities that do business with Iran — an attempt to bring the country to heel absent renewed military strikes. Why it matters: The plan, which Bessent dubbed "Operation Economic Outcast," is aimed at ratcheting up pressure on the Iranian regime amid the current "no war, no deal" limbo. U.S. officials say the expanded "secondary" sanctions