U.S. threatens Iran with new sanctions as Tehran warns of Gulf oil export halt

Washington prepares measures that could deepen Iran’s economic isolation, while Tehran weighs an oil cutoff that could further disrupt global energy supplies.

Washington announced what it described as an "economic D-Day" against Iran, widening current sanctions and targetting countries with business ties with the regime.

The White House vows to sanction any country that continues to do business with Tehran.

The move mainly targets Iran’s oil trade and financial networks, including businesses and banks that help Iran avoid sanctions.

U.S. Treasury Secretary Scott Bessent warns of an economic D-Day, the single greatest financial offensive ever marshaled against an adversary; Iran in turn vowed ‌to shut down all oil exports from the Gulf “if the economic war continues”.

US Treasury Secretary Scott Bessent has announced the launch of what he calls an 'economic D-Day' against Iran, describing the campaign as the single greatest financial offensive ever directed at an adversary, with further details due later on Monday.

The U.S. threatened Iran with what it called “the greatest financial offensive ever marshalled” as it prepared to roll out economic sanctions on Monday that target Iran’s trade partners. Iran in turn vowed to shut down all oil exports from the Gulf “if the economic war continues.” U.S. Treasury Secretary Scott Bessent will hold a […]

CAIRO/WASHINGTON — The U.S. threatened Iran with what it called "the greatest financial offensive ever marshalled" as it prepared to roll out economic sanctions on Monday that target Iran's trade partners. Iran in turn vowed to shut down all oil exports from the Gulf "if the economic war continues." U.S. Treasury Secretary Scott Bessent will hold a press conference at 1 p.m. EDT (1700 GMT) on Monday amid promises to reveal even more severe measures on a country that has endured near-continuous economic sanctions since the Islamic Revolution of 1979. "At dawn begins an economic D-Day — the single greatest financial offensive ever marshalled against an adversary," Bessent wrote in an opinion piece published in the Financial Times on Sunday. The warring nations have not conducted military strikes against each other for weeks, but they also have not engaged in meaningful talks to end the six-month-old conflict. Thousands of people have died, most of them in Iran and Lebanon, since the U.S. and Israel began strikes on February 28, degrading much of Iran's conventional military capacity a

The US threatened Iran with what it called "the greatest financial offensive ever marshalled" as ⁠it prepared to roll out economic sanctions that target Iran's trade partners.

The United States has also warned of "tremendous economic consequences" for Tehran's business partners to ratchet up economic pressure that could push Iran back to the negotiating table.

The United States has also warned of "tremendous economic consequences" for Tehran's business partners to ratchet up economic pressure that could push Iran back to the negotiating table.

Iran in turn vowed to shut down all oil exports from the Gulf "if the economic war continues."

The United States is gearing up for an extensive financial campaign aimed at Iran, introducing new sanctions against nations and companies engaging in trade with Tehran. In response, Iran has signaled a potential halt to oil exports from the Persian Gulf. Meanwhile, China has resisted US influence and advocates for diplomatic efforts. While attempts to rekindle negotiations are underway, the prevailing tensions pose significant challenges.

US treasury chief Scott Bessent will hold a press conference amid promises of tougher measures targeting Iran’s trade partners.

The warring nations have not conducted military strikes against each other for weeks, but they also have not engaged in meaningful talks to end the six-month-old conflict

By Yasmine Ghania and Kanishka SinghCAIRO/WASHINGTON, Aug 24 (Reuters) - The U.S. threatened Iran with what it called "the greatest financial offensive ever marshalled" as it prepared to roll out economic sanctions on Monday that target Iran's trade partners.Iran in turn vowed to shut down all oil exports from the Gulf "if the economic war continues."