US Imposes Unprecedented Economic Isolation on Iran
U.S. Treasury Secretary Scott Besant announced that Iran will face unprecedented economic isolation due to Washington's new strategy. The move targets Tehran's oil shipments, ensuring no revenue is generated from them this week.
Besant stated in an interview with Axios, 'For the first time in history since they started pumping oil, they will not have any oil shipments at sea this week, and they will not generate any revenue.'
The Treasury Secretary explained that U.S. actions have shifted from direct military operations to a blockade, and now aim to intensify economic isolation against Iran.
President Donald Trump also weighed in on the conflict's impact on energy markets, predicting oil prices would return to pre-conflict levels once the issue is resolved.