US Treasury secretary Scott Bessent is calling for an “economic D-Day” for the Iranian regime while threatening secondary sanctions on countries that do business with the country. Will this be more effective than previous attempts at economic pressure? What impact will this have on US relations with China? And how will energy markets react? Sasha Polakow-Suransky, executive opinion editor, speaks with Emma Ashford, Stimson Center senior fellow and Foreign Policy columnist, about Washington’s latest Iran sanctions push dubbed Operation Economic Outcast. Clip: CBS News

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Free links to read more on this topic:

US launches further strikes on Iran as conflict flares up

Energy price surge hits bond markets as European gas reaches three-year high

Donald Trump says US will hit Iran ‘hard’ as conflict reignites

Scott Bessent: an economic D-Day is coming for Iran

Scott Bessent threatens Iran’s economic partners with more sanctions

Is China’s ‘wise camel’ the winner from the US-Iran war?

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Presented by Sasha Polakow-Suransky. Produced by Clare Williamson. Sound design is by Breen Turner

Read a transcript of this episode on FT.com

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Will Bessent’s ‘economic D-Day’ break Iran?

The Rachman Review

Will Bessent’s ‘economic D-Day’ break Iran?