Commodities
US Unleashes Financial Fury on Iran Amid Escalating Conflict
The US has threatened Iran with what it calls 'the greatest financial offensive ever marshaled' as it prepares to roll out economic sanctions on Monday.
Iran, in turn, vowed to shut down all oil exports from the Gulf if the economic war continues.
US Treasury Secretary Scott Bessent will hold a press conference at 2 p.m. EDT on Monday amid promises to reveal even more severe measures against Iran.
The warring nations have not conducted military strikes against each other for weeks, but they also have not engaged in meaningful talks to end the six-month-old conflict.