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 US actions. 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. At one Bank Melli branch in Abu Dhabi, staff were busy typing away and one employee explained that they were still open for business. Commercial flights also continued...