Global Community Largely Disregards US Treasury's 'D-Day' Iran Sanctions Threat

Summary

Treasury Secretary Scott Bessent's threat of an "economic onslaught" against Iran and its trading partners has been largely disregarded by the international community, with China issuing a defiant warning and Iranian bank branches and flights continuing operations in various countries. The US sanctioned only UAE-based branches of Egypt's Banque Misr, falling short of expectations and highlighting the challenge of imposing effective sanctions without impacting major economies like China.