US vows ’economic D-Day’ as Iran threatens to halt all oil exports

On August 24, the United States vowed an "economic D-Day" against Iran, ahead of sanctions targeting the country's trade partners. U.S. Treasury Secretary Scott Bessent will announce more severe measures on Monday, following six months of conflict between the two nations. In response, Iran threatened to halt all oil exports from the Gulf, warning that any country aiding the U.S. in its economic war against Iran would be considered an act of war.

Iran's secretary of the Supreme National Security Council, Mohsen Rezaei, suggested economic retaliation if the sanctions persist. Despite not engaging in military strikes in weeks, both nations have failed to negotiate, resulting in thousands of deaths, mostly in Iran and Lebanon. Iran's economy, already weakened by international sanctions, now faces further challenges due to damaged infrastructure and disrupted trade.

Iran is seeking diplomatic solutions, with Pakistan's army chief visiting Tehran on Monday to promote peace and security.