"The world has never seen this": US Treasury threatens Iran
US Treasury Secretary Scott Bessent announced plans to impose unprecedented economic isolation on Iran, including a naval blockade of the Strait of Hormuz. He stated that measures never used before will be applied. The strait sees 14-15 million barrels of oil pass daily, less than the 20 million before the war.
US Treasury Secretary Scott Bessent announced plans to impose unprecedented economic isolation on Iran. In an interview with Newsmax, he said that measures never before used against Iran would be applied. The plan includes creating absolute economic isolation and a continuous naval blockade in the Strait of Hormuz to completely paralyze trade logistics, blocking ship movement to and from Iranian ports. Bessent noted that about 14-15 million barrels of oil pass through the strait daily, less than the 20 million before the war, but the difference is small, and ships depart with transponders turned off. The article does not contain Iran's or other countries' reactions, nor details of specific measures and timelines.