Iran Fires Advanced Missile at US Warships Amid Threats of Economic Warfare

Iran's Supreme National Security Council secretary, Mohsen Rezaei, warned the United States of 'economic warfare' and threatened to impose a maritime exclusion zone across the Gulf. The warning comes after the US launched attacks on Iranian targets over the weekend.

Iran fired an advanced missile at US warships in the Strait of Hormuz, with Rezaei stating that any vessel entering the new restricted zone would be placed on an Iranian sanctions list. The Qassem Basir missile is touted as an upgraded model with improved maneuverability and a guidance system effective against electronic warfare.

The Strait of Hormuz is a critical artery for global oil and gas supplies, with commodity vessel traffic slowing again this week. Iran has vowed to announce the new restricted zone in the coming days, along with maps of a new shipping corridor through the strait.