- The US 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 warned that any country's participation in or support for America's economic war against the Iranian people would be regarded as an act of war.
- Iranian Foreign Minister Abbas Araqchi dismissed the threat of new US sanctions as a sign of desperation, saying the expected measures would fail to defeat Tehran.
- US Central Command said the guided-missile destroyer USS John Finn had redirected 70 commercial vessels, disabled three and boarded two as part of efforts to enforce a US naval blockade of Iran.
- Iran's Persian Gulf Strait Authority announced that vessels violating Iranian protocols for transiting the Strait of Hormuz will face restrictions on future passages.
- Shipping data showed fewer than 20 commodity vessels transited the strait at the weekend, with four vessels crossing on Sunday and 13 on Saturday.
The U.S. is preparing to implement significant economic sanctions against Iran, marking what officials describe as an unprecedented financial offensive.
"At dawn begins an economic D-Day – the single greatest financial offensive ever marshalled against an adversary," wrote Bessent in the Financial Times.
In response, Iran has threatened to halt all oil exports from the Gulf, stating, "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," according to Rezaei.
Iranian officials have warned that any support for U.S. sanctions would be viewed as "an act of war."2
Iranian Foreign Minister Abbas Araqchi dismissed the sanctions as a sign of U.S. desperation, asserting, "We have never been afraid. All of their actions... have failed, and this new issue of theirs will fail as well."3
The U.S. Central Command has intensified its naval presence, redirecting commercial vessels and enforcing a blockade.
Meanwhile, Iran's Persian Gulf Strait Authority announced that vessels violating Iranian protocols would face restrictions, as fewer than 20 commodity vessels transited the strait over the weekend, indicating rising tensions in the region.56
“Iranian Foreign Minister Abbas Araqchi dismissed the sanctions as a sign of desperation, saying 'all of their actions... have failed.' US Central Command reported the USS John Finn redirected 70 commercial vessels, while shipping data showed fewer than 20 commodity vessels transited the Strait of Hormuz over the weekend.”
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