Live Updates: Iran dismisses Trump's "economic D-Day" threat, says it "will only bring further defeat" - CBS News

Iran's foreign minister on Thursday dismissed President Trump's threat of "Economic Warfare and Isolation on an unprecedented scale," calling it a diversion from rising U.S. national debt and a "doubling down on failed policies."
Trump had threatened Iran on Wednesday with "an economic D-Day," while Vice President JD Vance said the war with Iran has entered a "new phase" of economic pressure that the administration intends to continue toward its "final objective."
China rejected the U.S. approach on Friday, with foreign ministry spokesman Lin Jian stating that "sanctions and pressure will not help resolve the issue" and urging parties to pursue political and diplomatic solutions.
Treasury Secretary Scott Bessent told CNBC that Washington expects both allies and rivals to join what he described as "the greatest coordinated economic isolation in the history of the world," warning nations they are "either with us or against us" and calling on Beijing to "get with the program."
On the naval front, the USS Abraham Lincoln aircraft carrier began returning home after a nine-month deployment, while the USS George Washington arrived in the Middle East on Wednesday.
Separately, six European countries and Canada condemned an Israeli settlement project near Jerusalem that would effectively divide the occupied West Bank in two.