Uploaded August 2026 | Updated September 2026, 3 weeks ago

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The U.S. is preparing to announce a new wave of sanctions against Iran in what Treasury Secretary Scott Bessent is calling an “economic D-Day.”

The move comes as Iran’s currency plunged to a record low of 2 million rials to the U.S. dollar. The expected sanctions could also target countries that continue doing business with Iran, raising questions about China, global oil markets and whether Americans could see an impact at the gas pump.

Scripps News Chief Washington Correspondent Joe St. George breaks down what could make these sanctions different and how Iran could respond.
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