- Iranian President Masoud Pezeshkian stated that the war with the U.S. should end because the world has accepted Iran's victory in this conflict.
- U.S. President Donald Trump threatened to impose the 'most crushing economic operation ever' against Iran, which includes sanctions and a blockade of the Strait of Hormuz.
- Treasury Secretary Scott Bessent is expected to unveil new sanctions on Monday, describing it as a 'one-two punch' alongside the blockade.
- Iranian Foreign Minister Abbas Araghchi dismissed the anticipated economic penalties, labeling them as a diversion from U.S. domestic issues.
- Egypt and Iran are discussing efforts to bring Tehran and Washington back to negotiations to settle the ongoing conflict.
- Iraq and Iran confirmed that some Iraqi oil tankers have been facilitated to transit the Strait of Hormuz.
- France and Saudi Arabia are planning to discuss alternative routes to the Strait of Hormuz during the Saudi Crown Prince's upcoming visit to Paris.
Iranian President Masoud Pezeshkian stated that the world has accepted Iran's victory over the U.S., calling for an end to the ongoing conflict. He emphasized, “The entire world approved our victory and the U.S. is hated,” according to state-run IRNA News Agency.12
In response, President Trump announced plans for the “most crushing economic operation ever” against Iran, aiming to reopen the Strait of Hormuz, a crucial waterway for global oil transport. Trump warned, “Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies — It all needs to stop NOW,” urging allies to support the U.S. in isolating Iran.34101112
The Strait of Hormuz, which carries about 20% of the world’s oil consumption daily, has been effectively closed due to Iranian counterstrikes and a U.S. naval blockade. Trump’s administration is expected to unveil new sanctions, with Treasury Secretary Scott Bessent stating, “It is a one-two punch. We have the blockade, and we are going to have the toughest sanctions in history.”
Iranian officials, including Foreign Affairs Minister Abbas Araghchi, criticized these sanctions as a distraction from U.S. domestic issues, asserting that “US economic terrorism threatens global economy and sovereignty worldwide.” The situation remains tense as diplomatic efforts continue, with Egypt's foreign ministry discussing negotiations between Tehran and Washington.
As the conflict escalates, the international community watches closely, with potential implications for global oil markets and regional stability.
“Treasury Secretary Scott Bessent is expected to unveil the new sanctions on Monday, calling it a 'one-two punch' with the naval blockade. Meanwhile, Egypt and Iran discussed efforts to bring Tehran and Washington back to negotiations, and Iraq confirmed facilitation for some of its oil tankers to transit the strait.”
AP News
