“Treasury Secretary Scott Bessent began the week vowing an ‘economic onslaught’ against Iran and its trading partners in a fresh bid to end the war. By the week’s end, countries with ties to Tehran had so far shrugged off the threat and analysts were left underwhelmed by the U.S. actions,” Bloomberg reports.“China, which buys 90% of Iran’s oil, issued a defiant warning to Washington rather than back down. Iranian bank branches remained open in Dubai.”“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.”MS NOW: The Iran war is showing the costs of Trump’s strongman economics.