US vows 'economic D-Day' as Iran threatens to halt all oil exports
AI Summary
The United States has threatened Iran with unprecedented economic sanctions targeting Iran's trade partners, while Iran has vowed to halt all oil exports from the Gulf as a response to the ongoing economic 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 Gulf "if the economic war continues."
World Politics Markets Commodities Energy economic sanctions Iran oil exports US-Iran relations financial offensive Gulf oil market