US vows 'economic D-Day' as Iran threatens to halt all oil exports

Adversaries have engaged in war of words over new US sanctions

Iran in turn vowed to shut down all oil exports from the Gulf "if the economic war continues."

The warring nations have not conducted military strikes against each other for weeks, but they also have not engaged in meaningful talks to end the six-month-old conflict

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 Gu

Iran in turn vowed to shut down all oil exports from the Gulf "if the economic war continues”.

US Treasury Secretary Scott Bessent says Washington aims to 'sever every economic lifeline' that sustains Iran.