{"id":6287,"date":"2026-08-30T19:40:59","date_gmt":"2026-08-30T19:40:59","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=6287"},"modified":"2026-08-30T19:40:59","modified_gmt":"2026-08-30T19:40:59","slug":"world-mostly-shrugs-off-bessents-d-day-iran-sanctions-threat","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=6287","title":{"rendered":"World mostly shrugs off Bessent\u2019s \u2018D-Day\u2019 Iran sanctions threat"},"content":{"rendered":"<div>\n<p>China, which buys 90% of Iran\u2019s oil, issued a\u00a0defiant warning\u00a0to Washington rather than back down. Iranian bank branches remained open in Dubai. At one Bank Melli branch in Abu Dhabi, staff were busy typing away and one employee explained that they were still open for business.\u00a0<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=6285\">Google Maps changes Lake Ontario label to Lake America in U.S.<\/a><\/p>\n<p>Commercial flights also continued between Iran and Turkey as well as Iran and the United Arab Emirates, which had promised last week to sever all trade and financial transactions with Tehran. Routes flying to Thailand and Azerbaijan, as well as multiple destinations in both Russia and China, remained unaffected.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>As the week came to a close, the US announced plans to sanction the UAE-based branches of Egypt\u2019s Banque Misr. That fell well below expectations after Bessent\u2019s warning that the world would see \u201ca major announcement of a financial institution being sanctioned by the end of this week.\u201d<\/p>\n<p>\u201cAs the war passes the six-month mark, the public actions taken by the Treasury Department this week do not match the hype,\u201d said Alex Zerden, a former US Treasury official and founder of Capitol Peak Strategies.\u00a0<\/p>\n<p>\u201cOperation Economic Outcast is a continuation of 47 years of restrictive economic measures against Iran but does not provide a clearer theory of economic or military victory in this current campaign,\u201d Zerden said.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>The Treasury Department didn\u2019t respond to a request for comment on Friday.<\/p>\n<p>Bessent\u2019s threats \u2014 and the collective global shrug so far \u2014 underscore the Trump administration\u2019s main conundrum as it seeks to sanction Iran into meeting its demands. Any effective sanctions campaign would need to hit China, a move that risks sparking retaliation and potentially massive global economic fallout. Anything less would add to Iran\u2019s economic pain but not enough to budge its strategic calculus.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>US credibility is also at stake. Bessent repeatedly compared the US response to the historic 1944 D-Day landings in Normandy, France \u2014 a coordinated land and air invasion aimed at toppling the Nazi regime. But the US acted unilaterally with its latest move, pressuring other countries rather than working with them, and Bessent openly acknowledged that going too fast and too hard risked tanking the global financial system.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<p>Read More:\u00a0US Moves Against Egyptian Bank\u2019s UAE Branches Over Iran Ties<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Further muddying the picture, Bessent also said the US was engaged in \u201cquiet diplomacy\u201d to get its way. US officials turned to counterparts in the UK asking for a\u00a0statement\u00a0of support, according to people familiar with the matter.\u00a0<\/p>\n<p>The Treasury chief is also expected to speak with fellow finance ministers this weekend at a Group of 20 gathering in Asheville, North Carolina. One of the biggest questions attendees will likely have for Bessent is whether the US is willing to hit a Chinese financial institution, according to Josh Lipsky, chair of international economics at the Atlantic Council.\u00a0<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=6283\">SpaceX launches NASA\u2019s newest crown-jewel telescope, which will look for \u2018the weird, the rare and the unusual\u2019 \u2014 including dark matter and energy<\/a><\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>The UAE, a key US strategic ally,\u00a0said\u00a0earlier this month it would cut financial ties with Iran. But some flight and banking links with Tehran appear to continue, and the UAE\u2019s government described its move in a statement to Bloomberg News as a \u201csovereign decision reflecting its strategic assessment of the national interest and the requirements of regional security.\u201d<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<p>Asked on Thursday which countries the US had approached so far, President Donald Trump responded, \u201cabout Iran? There\u2019s not a lot to speak to. We don\u2019t want to speak to them. We\u2019re not looking to meet or anything.\u201d<\/p>\n<p>\u201cYou can\u2019t unleash meaningful economic warfare on Iran while ignoring the one country that absorbs 90% of its oil exports,\u201d said Leland Miller, the CEO of\u00a0China Beige Book\u00a0data platform and a commissioner on the US-China Economic and Security Review Commission, which advises the US Congress.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>In the meantime, the US appears no closer to ending the war that Trump launched alongside Israel in late February. Iran has endured decades of harsh sanctions and has recently faced a full US Navy blockade of its ports that has dried up oil exports.<\/p>\n<p>Officials in nations that have traditionally had strong economic links with Iran have not heard much from the US this week. Turkey has not received any formal guidance from the US on the restrictions and how they apply to Iran, according to people familiar with the matter. But they believe they\u2019ll have adequate time to discuss and implement requirements once they are informed, they said.<\/p>\n<p>The response from Pakistan indicated that even countries with close ties to the US are feeling little immediate pressure from the new campaign, at least so far.\u00a0<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>While Islamabad has won praise from Trump for its mediation efforts to end the war, there was no indication that its overland trade with the Islamic Republic \u2014 such as in rice and mangoes \u2014 had slowed down. Pakistan\u2019s Foreign Ministry spokesman Tahir Andrabi told reporters this week that the country \u201cis not obliged\u201d to respond to unilateral sanctions.<\/p>\n<p>\u201cThe idea Iran can be knocked out with this is risible \u2014 it\u2019s not going to move the needle,\u201d said Stephen Fallon, principal adviser at DBM Consulting. \u201cIt\u2019s not possible to get a completely airtight seal on this thing. There are too many actors, and it\u2019s too rewarding for the people involved.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=6281\">The AI boom hasn\u2019t stopped U.S. companies from hiring cheap offshore labor, and overseas call center employment is still skyrocketing<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Iranian bank branches remained open in Dubai. Commercial flights also continued between Iran and Turkey as well as Iran and the United Arab Emirates.<\/p>\n","protected":false},"author":1,"featured_media":6286,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[103],"tags":[],"class_list":["post-6287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iran"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>World mostly shrugs off Bessent\u2019s \u2018D-Day\u2019 Iran sanctions threat - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=6287\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World mostly shrugs off Bessent\u2019s \u2018D-Day\u2019 Iran sanctions threat - Cross Country Moving Team\" \/>\n<meta property=\"og:description\" content=\"Iranian bank branches remained open in Dubai. 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