Bessent threatening Iran with an ‘economic D-Day’ shows he’s panicking as US bonds sell off

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  • Post last modified:25 August 2026

The US Secretary of the Treasury, Scott Bessent, wrote an opinion piece for the Financial Times in which he threatened an “economic D-Day” for Iran, but Yanis Varoufakis has interpreted the bizarre rhetoric as a sign that Washington is not just panicking but has slipped into outright despair. Bessent: panicking This all happened while Bessent’s efforts to calm the sell-off in US treasuries failed. President Trump has dismantled Iran’s military capabilities, destroyed nearly 100 percent of its military factories, and buried its nuclear program. We are now entering the endgame. At dawn begins an economic D-Day — the single greatest financial offensive…

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