'Not a Single Drop of Oil Will Be Exported': Iran Threatens 'Economic War' over Hormuz's Control
Tehran says the pressure will fail as the United States prepares new sanctions and oil traffic through the Strait of Hormuz rises 27%, analysts said.
- On Monday, Iran threatened an 'economic war' by halting oil exports through the Strait of Hormuz, protesting Washington's pledge to impose the toughest financial penalties in history against Iranian leadership.
- Treasury Secretary Scott Bessent and President Donald Trump promised an 'ECONOMIC D-DAY' last week, pledging measures that have 'never been seen' to exert pressure on Iran after nearly 50 years of US sanctions.
- Oil traffic through the Strait of Hormuz averages between 8 million and 9 million barrels per day as tankers attempt 'dark transits' through the waterway. The US military reported 70 commercial ships were redirected on Sunday due to the blockade.
- Vowing to 'neutralize the economic war,' Mohsen Rezaei, hardline leader of Iran's Supreme National Security Council, threatened to halt all oil exports if any country supports US sanctions. Rezaei warned such participation would be regarded as 'an act of war.'
- President Donald Trump claimed he views the Strait of Hormuz as 'American territory' during a South Carolina rally on Friday, saying he plans to declare it a US territory soon after defeating Iran. He characterized the conflict as 'a little detour.
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There is currently no fighting in the Iran war. Washington wants to bring Tehran to its knees economically. Iran is self-confident – and threatens the US and its allies with consequences.
'Not a single drop of oil will be exported': Iran threatens 'economic war' over Hormuz's control
Iran has warned that it would not allow even a single drop of oil to exported through the Strait of Hormuz, amid US President Donald Trump's repeated threats that he would declare the waterway an 'American territory'.
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US vows ‘economic D-Day’ as Iran threatens to halt all oil exports - The Tribune
The US threatened Iran with what it called “the greatest financial offensive ever marshalled” as it prepared to roll out economic sanctions on Monday that target Iran’s trade partners. 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 […]
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