The US is preparing what Treasury Secretary Scott Bessent calls an “economic D-Day” against Iran, with Washington planning sweeping sanctions aimed at cutting Tehran off from remaining financial and trade channels. The measures could also target countries and businesses that continue dealing with Iran. Tehran, meanwhile, has threatened to retaliate by halting oil exports from the Gulf if the economic offensive continues, raising fresh fears over the Strait of Hormuz and global energy supplies. The escalation comes as diplomatic efforts continue, including Pakistan’s mediation mission in Tehran.
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