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

The United States has issued a stern warning to Iran, declaring that it is preparing to launch the most severe economic sanctions ever seen against the country. This economic onslaught, dubbed the "greatest financial offensive ever marshalled," will target Iran's trade partners and is set to be announced by U.S. Treasury Secretary Scott Bessent during a press conference on Monday at 1 p.m. EDT.

In response to these impending sanctions, Iran has issued a provocative threat, vowing to halt all oil exports from the Gulf if the economic conflict persists. The U.S. has been engaging in a prolonged conflict with Iran since February 28, which has resulted in thousands of casualties, primarily in Iran and Lebanon. Despite the absence of direct military confrontations between the two nations for weeks, both sides have failed to hold meaningful negotiations to end the six-month-old dispute.