US Treasury Secretary vows continued economic action against Iran

Meanwhile, US State Department spokesman Tommy Pigott highlighted a $15 million reward offered by the US government for information that disrupts the financial mechanisms of Iran's Islamic Revolutionary Guard Corps (IRGC).

In response, Iran's Supreme National Security Council Secretary Mohsen Rezaei warned that Tehran might suspend all oil exports through the Strait of Hormuz and other routes in the Persian Gulf if the United States continues its "economic war." Rezaei cautioned that Iran would consider any nation supporting or engaging in the US economic campaign against Tehran as committing an "act of war."

Earlier statements from Bessent, described as "Economic D-Day," indicated a comprehensive financial offensive to sever Iran's economic lifelines, with claims that President Trump had dismantled Iran's military capabilities and nuclear program. Iranian Parliament Speaker Mohammad Bagher Ghalibaf had previously mocked the US threats, suggesting that stringent economic measures could be counterproductive.