US "Economic D-Day": Treasury Secretary Scott Bessent announced an unprecedented financial offensive to completely sever Iran's global economic lifelines
Trump on X: ‘Iran’s military capabilities and nuclear programme largely dismantled
Tehran retaliates: Security chief Mohsen Rezaei warned that if Trump’s ‘economic war’ continues, Iran will halt all Gulf oil exports and treat support for US sanctions as ‘an act of war’
Strait of Hormuz fee: An Iranian parliamentary committee advanced a draft law to charge commercial ships navigation, security, and environmental service fees
Strait of Hormuz commercial traffic remains roughly 80% below pre-war levels over recent days (UKMTO)
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