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

The United States has warned Iran of an unprecedented financial offensive, vowing to impose severe sanctions on the country's trade partners. Iran has responded by threatening to halt all oil exports from the Gulf if the economic conflict persists. U.S. Treasury Secretary Scott Bessent will address the media at 2 PM EDT on Monday, detailing the new economic measures against Iran.

The threat of economic warfare has intensified as the conflict between the U.S., Israel, and Iran has entered its sixth month. Despite the absence of military strikes, both sides have suffered significant economic and humanitarian consequences. Iran has maintained enough capability to target its Gulf neighbors and oil tankers in the Strait of Hormuz, causing shipping disruptions and fuel price hikes.

Iran's economy has been under strain due to international sanctions and the U.S.-Israeli attacks, which have led to high inflation, currency weakness, and infrastructure damage. Diplomatic efforts to end the conflict have involved several nations, but no formal talks have been held between the U.S. and Iran.