The US Treasury Secretary has announced plans to implement significant economic measures against Iran, labeling it as 'economic D-Day.' He stated that the US would cut all financial ties with Iran, warning that any nation collaborating with Iran financially would face isolation. This comes amid ongoing tensions related to the US-Israel conflict with Iran.
Iran has responded by threatening to halt all oil exports from the region if hostilities continue, and it has warned shipping in the Strait of Hormuz to seek permission before passing through. The US has previously imposed tough sanctions on Iran, complicating its economic situation further.