Bessent ‘Economic D-Day’ Seen as Warning Shot

The US “economic D-Day” against Iran turned out to be less Normandy and more Grenada, with Scott Bessent providing few details on how the administration’s new initiative would achieve any of Donald Trump’s desired results, namely the full opening of the Strait of Hormuz. Dan Tannebaum, Global Anti-Financial Crime Practice Leader at Oliver Wyman, discusses the move from Bessent and how previous threats from the Trump Administration, particularly in the tariff space, compare. (Source: Bloomberg)