Money Shot

At least in the case of Iran, the administration has chosen an appropriate target for economic warfare. Whether it will work where military warfare failed remains to be seen. “Treasury Secretary Scott Bessent announced plans for a wave of new sanctions Monday aimed at further isolating Iran, after threatening the Islamic Republic with ‘an economic D-Day.'” Bessent threatens new Iran secondary sanctions, says Trump asking world leaders to cooperate. Here’s the latest from CNN.

+ There’s no doubt Iran’s economy is suffering. But Robert Kagan still argues that “the dominant power in the Middle East from now on will not be the U.S. or Israel but Iran.” I sure hope he’s wrong. But he’s been pretty right about this war so far. Iran Unleashed. “Neighboring countries are already making their adjustments to this new reality. More distant powers will too. For years, the world has been dealing with an Iran constrained. It will now discover what Iran unleashed looks like.”