Iran Economic D-Day: Bessent Warns of Endgame; Tehran Threatens Gulf Oil Exports
Tehran says the pressure will fail as the United States prepares new sanctions and oil traffic through the Strait of Hormuz rises 27%, analysts said.
- On Monday, Iran threatened an 'economic war' by halting oil exports through the Strait of Hormuz, protesting Washington's pledge to impose the toughest financial penalties in history against Iranian leadership.
- Treasury Secretary Scott Bessent and President Donald Trump promised an 'ECONOMIC D-DAY' last week, pledging measures that have 'never been seen' to exert pressure on Iran after nearly 50 years of US sanctions.
- Oil traffic through the Strait of Hormuz averages between 8 million and 9 million barrels per day as tankers attempt 'dark transits' through the waterway. The US military reported 70 commercial ships were redirected on Sunday due to the blockade.
- Vowing to 'neutralize the economic war,' Mohsen Rezaei, hardline leader of Iran's Supreme National Security Council, threatened to halt all oil exports if any country supports US sanctions. Rezaei warned such participation would be regarded as 'an act of war.'
- President Donald Trump claimed he views the Strait of Hormuz as 'American territory' during a South Carolina rally on Friday, saying he plans to declare it a US territory soon after defeating Iran. He characterized the conflict as 'a little detour.
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Iran's Supreme Security Council says that if economic war continues, "not a single drop of oil will be exported." Still, Iranian currency reaches a new historical minimum exchange rate.
US Secretary of State Scott Bessant will announce a new package of sanctions on Iran today - Tehran threatens military strikes on countries that facilitate the US The post Iran: Economic D-Day is coming, says the US - Tehran threatens a complete halt to oil exports appeared first on in.gr.
The United States is preparing to trigger what American officials have called "the biggest financial offensive ever organized against Iran. Washington is going to impose new economic sanctions Monday targeting Tehran's trading partners. In return, Iran is threatening to stop all oil exports from the Persian Gulf if "the economic war of the United States continues," Reuters announces.
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