US readies 'economic D-Day' for Iran as currency plummets, Tehran warns of retaliation

The United States is poised to unleash an "economic D-Day" against Iran, described as its most significant financial offensive to date, as Tehran's currency plummets to a record low. U.S. Treasury Secretary Scott Bessent announced the impending sanctions, intended to escalate pressure on Iran's already struggling economy and further isolate the nation from global financial networks. These measures, including potential secondary sanctions on countries continuing trade with Iran, aim to sever economic lifelines and come as part of a broader "endgame" strategy in the ongoing six-month conflict involving the U.S. and Israel against Iran.

In response to Washington's intensified economic campaign, Iran has issued warnings of retaliation. Iranian officials stated that any nation supporting these new U.S. economic initiatives would be deemed an "act of war" and threatened to halt all oil exports from the Persian Gulf should the "economic war" persist. This escalation follows the expiration of a 60-day diplomatic window without a broader agreement on Iran's nuclear program and sanctions relief, further exacerbating tensions in the region.