US Treasury Secretary Scott Bessent announced that unprecedented economic isolation measures against Iran will be unveiled next week. Scotiabank assesses that these measures could include sanctioning large Chinese banks and blocking their access to the US dollar system. Additionally, the Dow fell following Donald Trump's threat of military action against Oman should it interfere with US-Iran negotiations.
Iranian officials are reportedly evaluating military responses against US interests in Europe to deter potential aggression against Iranian sovereignty.
Read the full storyThe Dow Jones Industrial Average declined Monday after Donald Trump threatened to bomb Oman if it obstructed U.S.-Iran negotiations.
Treasury Secretary Scott Bessent announces a massive escalation to dismantle financial networks sustaining Iranian oil exports starting next week.