The United States is significantly increasing economic pressure on Iran. The American administration has announced a new sanctions campaign, which Treasury Secretary Scott Bessent described as an "economic D-Day" and the largest financial offensive ever mobilized against an adversary. Iran responded with a threat that, in the event of a continuation of the "economic war," it would halt oil exports from the Persian Gulf.
On August 24th, Bessent presented new measures aimed at further isolating Iran from the global financial system and limiting its revenues. At the same time, Washington threatened so-called secondary sanctions against entities and countries that continue to engage in trade and financial relations with Tehran. However, the American administration has not immediately imposed blanket penalties on all of Iran's business partners.
The new sanctions have affected dozens of entities linked, according to Washington, to Iranian financial, technological, aviation, maritime, and other commercial networks. The U.S. Treasury Department aims to limit Tehran's ability to generate revenue not only from oil but also from other sources, and to complicate its access to the international financial system.
Iran responded to the increasing pressure with a sharp warning. Mohsen Rezaei, Secretary of Iran's Supreme National Security Council, stated that if the American "economic war" continues, Tehran could halt oil exports through the Strait of Hormuz and from other parts of the Persian Gulf. He said that involvement by other countries in the American economic pressure would be considered a hostile act.
The situation around the Strait of Hormuz is extremely sensitive due to its crucial importance for global energy markets. Iran has also increased pressure on maritime traffic and announced the inclusion of 45 tankers on a blacklist for allegedly violating regulations for navigation through the strait.
This new American sanctions offensive further escalates the economic conflict between Washington and Tehran. Any real restriction on oil exports from the Persian Gulf could have far-reaching consequences beyond the region, particularly for global energy prices, maritime transport, and the global economy.
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