US Prepares 'Greatest Financial Offensive' Against Iran Amid Threats to Halt Oil Exports
The US government is preparing what it calls 'the greatest financial offensive ever marshalled' against Iran, targeting its international trade and financial networks. This move comes as Brent crude oil prices dropped by 1% to $93.43 a barrel on Monday.
The Trump administration aims to increase pressure on Iran through economic measures, which could weaken the country's ability to finance its activities. In response, Tehran has warned that it may stop oil exports from the Gulf if the economic offensive continues, raising concerns about supply disruptions and global energy markets.
Markets are waiting for US Treasury Secretary Scott Bessent to announce details of the new sanctions against Iran, which will affect international buyers of Iranian crude and companies involved in transporting its energy supplies. If the measures do not severely restrict oil exports, prices may remain stable.