U.S. threatens 'economic D-Day' against Iran as Tehran vows to halt all oil exports

The U.S. is preparing to implement new economic sanctions targeting Iran's trade partners, with Treasury Secretary Scott Bessent describing it as "the greatest financial offensive ever marshalled." In response, Iran has threatened to cease all oil exports from the Gulf if the "economic war continues," a move that could significantly disrupt shipping in the Strait of Hormuz and impact global fuel prices. Pakistan's army chief is reportedly set to visit Tehran for mediation efforts.