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The United States is poised to implement a sweeping set of economic sanctions against Iran, described by Treasury Secretary Scott Bessent as "the greatest financial offensive ever marshalled." The measures, set to be unveiled Monday, aim to penalize Iran's trade partners and intensify economic pressure on the country, which has faced near-continuous sanctions since the 1979 Islamic Revolution.

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At dawn begins an economic D-Day, the single greatest financial offensive ever marshalled against an adversary.

In response to the impending sanctions, Iran has issued strong warnings, vowing to shut down all oil exports from the Persian Gulf if the "economic war" persists. Mohsen Rezaei, secretary of Iran's Supreme National Security Council, stated on social media that any nation participating in or supporting the U.S. economic measures against Iran would be viewed as an act of war. This escalates the tension between the two nations, which have been engaged in a six-month conflict marked by proxy actions and threats rather than direct military confrontation.

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If the economic war continues, not a single drop of oil will be exported, neither through the Strait of Hormuz nor from anywhere in the Persian Gulf.

Secretary Bessent indicated that the U.S. sanctions would target "fearful nations" that engage with Iran's economy and financial system, implying a strategy to isolate Iran further. He urged countries, including China, which historically imports half its oil from the Gulf region, to consider the consequences of continued engagement with Iran. China's embassy in Washington responded by stating that sanctions and pressure are not conducive to resolving the issue and called for diplomatic solutions.

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Iran will regard any country’s participation in or support for America’s economic war against the Iranian people as an act of war.

Iran's economy was already weakened by previous international sanctions before recent attacks attributed to the U.S. and Israel damaged parts of its infrastructure. Despite outward defiance, Iranian officials have expressed concerns about the cumulative impact of sustained economic pressure. The exact status of Iran's nuclear program, a key target for the U.S. and Israel, remains undisclosed.

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They would do well to consider the consequences of sustaining it.