By Yasmine Ghania and Kanishka Singh
CAIRO/WASHINGTON, Aug 24 (Reuters) - The U.S. 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."
U.S. Treasury Secretary Scott Bessent will hold a press conference at 2 p.m. EDT (1800 GMT) on Monday amid promises to reveal even more severe measures on a country that has endured near-continuous economic sanctions since the Islamic Revolution of 1979.
"At dawn begins an economic D-Day — the single greatest financial offensive ever marshalled against an adversary," Bessent wrote in an opinion piece published in the Financial Times on Sunday.
#Iran #Monday #greatest #marshalled
CAIRO/WASHINGTON, Aug 24 (Reuters) - The U.S. 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."
U.S. Treasury Secretary Scott Bessent will hold a press conference at 2 p.m. EDT (1800 GMT) on Monday amid promises to reveal even more severe measures on a country that has endured near-continuous economic sanctions since the Islamic Revolution of 1979.
"At dawn begins an economic D-Day — the single greatest financial offensive ever marshalled against an adversary," Bessent wrote in an opinion piece published in the Financial Times on Sunday.
#Iran #Monday #greatest #marshalled
2 months ago
