Updated

The Trump administration announced a sweeping new round of sanctions against Iran, dubbed 'Operation Economic Outcast' and described by officials as an 'economic D-Day' aimed at squeezing Tehran's aviation, technology and shipping sectors. Treasury Secretary Scott Bessent said the measures represent the most aggressive economic pressure campaign against Iran to date. The UK has publicly backed the US approach, with Chancellor John Healey saying Britain supports Washington's push for a diplomatic solution and welcomes the increased pressure, while also calling on Iran to halt destabilizing activity in the Strait of Hormuz. Secretary of State Marco Rubio has told allied foreign ministers that the US is not expected to launch new strikes on Iran 'for the time being,' opting instead to rely on economic pressure such as the new sanctions package. The statement suggests Washington is shifting its emphasis from military action toward sustained financial and diplomatic squeeze tactics, even as tensions with Tehran remain high.