Iran warns nearby nations against joining US ‘economic war’ efforts

Live updates

1. 1h ago

   US Implements Sweeping Sanctions to Cut Iranian Economic Lifelines

   Treasury Secretary Scott Bessent announced a new round of sweeping sanctions intended to eliminate Iran's remaining economic lifelines. Washington is urging other nations to join this pressure campaign to isolate Tehran from the global economy. This financial offensive coincides with a persistent impasse over the Strait of Hormuz, where passage remains perilous despite diplomatic discussions. While Iran and Oman have discussed a temporary corridor, the waterway remains closed, prompting warnings of a military response from Donald Trump.

   Why it matters

   The US-Iran war has lasted six months. Previous reports noted 68 commercial vessel incidents near the Strait of Hormuz and at least 20 deaths. These new sanctions target the remaining revenue sources used by Tehran.

   What is confirmed

   • Treasury Secretary Scott Bessent announced new sweeping sanctions to cut off Iran's remaining economic lifelines.
   • The US is urging other nations to join its pressure campaign to isolate Iran from the global economy.

   Still unconfirmed

   • Donald Trump warned of a military response because Iran keeps the Strait of Hormuz closed.

   What to watch next

   • Verification of whether the Oman-Iran temporary corridor agreement is implemented
   • List of specific trading partners targeted by the new US sanctions
   Sources used for this update (4)

   1. www.timesnownews.com — US-Iran War Live Updates: US Unleashes New Sanctions on Iran, Warns Nations Engaging Economically With Tehran of Consequences
   2. www.aljazeera.com — Who are Iran’s top trading partners US would need to target to isolate it?
   3. timesofindia.indiatimes.com — US Iran War News Live Updates: Iran keeps Hormuz closed despite Oman deal; Trump warns of military response
   4. www.straitstimes.com — Iran and Oman discuss temporary Hormuz corridor as impasse with US drags on
   confidence 90%
2. 1d ago

   US Treasury prepares "economic D-Day" sanctions against Iran and its partners

   Treasury Secretary Scott Bessent is preparing a massive financial offensive to block all Iranian revenue sources. The US is threatening secondary sanctions against any nation that maintains economic ties with Tehran. Iran has responded by stating these anticipated penalties will not bring peace. This economic escalation occurs as the US-Iran war enters its sixth month, with the International Maritime Organization confirming 68 incidents involving commercial vessels near the Strait of Hormuz, resulting in at least 20 deaths.

   Why it matters

   The conflict involves the US, Israel, and Iran, with the Strait of Hormuz serving as a primary point of negotiation. While President Trump pursues economic warfare, Iranian President Masoud Pezeshkian previously suggested a US memorandum of understanding could end the hostilities.

   What is confirmed

   • Treasury Secretary Scott Bessent described the upcoming campaign as the single greatest financial offensive ever marshalled against an adversary.
   • The US is threatening secondary sanctions against countries that refuse to cut economic ties with Iran.
   • The International Maritime Organization confirmed 68 incidents near the Strait of Hormuz with at least 20 people dead.
   • The war between the US, Israel, and Iran has lasted six months.

   Still unconfirmed

   • Iran warned that the upcoming US sanctions will not bring peace.
   • The US has not yet imposed the large new penalties it has threatened.

   What to watch next

   • The formal unveiling and implementation of the economic D-Day sanctions
   • Changes in commercial shipping traffic or safety in the Strait of Hormuz
   • Official Iranian response to the specific secondary sanctions targets
   Sources used for this update (6)

   1. www.cnn.com — Iran war ‘entering the endgame,’ Bessent says as he’s set to unveil ‘economic D-Day’ sanctions
   2. www.newsday.com — The Latest: Trump administration announces new sanctions against Iran
   3. www.ocregister.com — Iran warns of a harsh response to anticipated US sanctions and other Middle East news
   4. www.livemint.com — US-Iran war LIVE: As US-Iran war enters sixth month, IMO says at least 20 dead in 68 incidents near Hormuz
   5. www.cnn.com — Iran defiant as US vows ‘economic D-Day’ penalties on nations doing business with Tehran
   6. www.twincities.com — European leaders mark Ukraine’s 35th Independence Day as Russian invasion pushes on
   confidence 90%
3. 2d ago

   Iran threatens Gulf neighbors over US economic pressure

   Mohsen Rezaei, the new head of Iran's Supreme National Security Council, warned Gulf neighbors that joining US economic warfare could lead Iran to treat them as enemies and target their interests. Rezaei specifically threatened to target alternative oil-shipping routes if neighboring states cooperate with expanding US pressure. This defiance follows vows from US President Donald Trump to launch unprecedented economic warfare, while Iranian President Masoud Pezeshkian simultaneously argues that a recent US memorandum of understanding is the best path to end a state of neither war nor peace.

   Why it matters

   The conflict centers on a standoff over the Strait of Hormuz and a cycle of escalating sanctions. While some Iranian officials seek a diplomatic exit through memorandums, the security apparatus is preparing for retaliation. Egypt is currently attempting to revive stalled negotiations between Washington and Tehran.

   What is confirmed

   • Mohsen Rezaei is the new head of Iran's Supreme National Security Council.
   • President Donald Trump vowed to intensify economic warfare against Iran.
   • President Masoud Pezeshkian described the current situation as one of neither war nor peace.
   • Iran warned neighboring countries against joining the US economic war.

   Still unconfirmed

   • US Treasury Secretary Scott Bessent is expected to announce new measures on Monday.
   • Iran claims the world has accepted that it has defeated the US.
   • Iran's security chief threatened earthquake-like retaliation.
   • Asim Munir is scheduled to visit Tehran on Monday.

   What to watch next

   • Announcement of new US Treasury measures by Scott Bessent
   • Outcome of Egypt's push to revive US-Iran negotiations
   • Official response from Gulf states regarding the threat to oil-shipping routes
   Sources used for this update (12)

   1. timesofindia.indiatimes.com — US Iran War News Live Updates: US Iran War | Iran says Gulf states hosting US bases backed attack, may pursue legal action
   2. AP News — Iran says the world has accepted it has defeated the US, and other Middle East developments
   3. Iran International — Live - Iran security chief threatens ‘earthquake-like’ retaliation as US pressure builds
   4. The Times of Israel — Iran lashes out as US prepares ‘toughest sanctions in history’
   5. Al Jazeera — Iran warns nearby nations against joining US ‘economic war’ efforts
   6. Al Jazeera — Iran war live: Tehran warns neighbours against joining US economic war
   7. en.tempo.co — Iran Warns Countries Against Joining US 'Economic War'
   8. consent.yahoo.com — Iran warns Middle East neighbors against joining US ‘economic war’
   9. www.ibtimes.sg — 'No Bypass Routes': Iran Warns Gulf Neighbors as Egypt Pushes to Revive US-Iran Talks
   10. www.katc.com — Iran’s president says US memorandum is best path out of stalled war
   11. www.cnbctv18.com — US-Iran War Highlights: Asim Munir to visit Tehran on Monday, Pezeshkian calls for end to Iran's 'no war, no peace' situation
   12. www.wral.com — Iran’s president says US memorandum is best path out of stalled war, and other Middle East news
   confidence 90%