'Economic D-Day': U.S. prepares to unveil fresh Iran sanctions

• U.S. Treasury Secretary Scott Bessent announced an 'economic D-Day' against Iran, targeting its petroleum trade, financial flows, and international registries to isolate the 'tyrannical regime'.
• The sanctions aim to force foreign institutions, including major buyers like China, to choose between trading with Iran or accessing the U.S. financial system.
• Iran's National Security Chief, Mohsen Rezaee, threatened that if the economic war continues, 'not a single drop of oil will be exported neither through the Strait of Hormuz nor from anywhere in the Persian Gulf,' deeming support for U.S. sanctions an 'act of war.'

The U.S. is preparing to unveil new sanctions against Iran, dubbed 'economic D-Day,' aiming to sever all economic lifelines. In response, Iran has threatened to halt all oil exports from the Persian Gulf, escalating geopolitical tensions and posing a significant risk to global oil supply.