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US threatens countries doing business with Iran, but holds off on penalties for now

News Snapshot:

President Donald Trump's administration on Monday announced a possible expansion of sanctions ?on ?countries doing business with Iran as part of what it billed as an "economic D-Day," but stopped short of actually imposing penalties.As the war with Iran nears its six-month mark, Treasury Secretary Scott Bessent said the U.S. was launching an "economic onslaught" against Iran's financial connections around the globe. But he declined to say what specific countries ?would be targeted, or when those penalties would take effect. The Treasury Department announced new sanctions on 60 individuals, entities and vessels but that list did not include any of…

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