Treasury Secretary Scott Bessent's economic D-Day measures landing a little bit softly yesterday, something of a muted reaction after it was made clear that while Bessent was laying the groundwork for sweeping sanctions on any country doing business with Iran, he wasn't actually taking action just yet. Now, Bessent said that was by design. He said the US was giving everyone the opportunity to remedy bad behavior, but that he didn't want, in his words, to blow up the global financial system.But the primary t ...

Well, here in the Gulf and Arab capitals, Operation Economic Outcast is now in play. The Trump administration stepping up its campaign to cut Iran off from the global economy here, threatening secondary sanctions against countries, banks, and companies [music] that continue doing business with Thran. The opening salvo basically targets everything from Iranian oil sales to digital asset networks.But the announcement was also light on some details and stopped short of naming and shaming countries in the cross ...