[US-Israel, Iran War Day #178] US Declares ‘Economic D-Day’ as Iran Hardens Hormuz Threats

In Brief…

• Iran’s Persian Gulf Strait Authority has warned that vessels violating Tehran’s rules for passage through the Strait of Hormuz could face fines, seizure or confiscation on future voyages.
• The United States is entering the “endgame” of its confrontation with Iran, Treasury Secretary Scott Bessent said Sunday, pledging to sever every remaining economic lifeline to Tehran in what he described as an “economic D-Day.”
• Iran’s security chief Mohsen Rezaei said his country will treat any country’s participation in or support for the US economic campaign against Tehran as an act of war and could halt all oil exports from the Persian Gulf.

This is a developing story that HO1 will continue to monitor.
Check back for updates.

Oil falls as markets await new US sanctions on Iran