Bessent announces new economic sanctions against Iran
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Iran's foreign minister reportedly said his country is not engaging in talks with the U.S., but added: "Messages are being exchanged through intermediaries."
The Trump administration, following a strategy of economic pressure, has sidestepped provocations in the Strait of Hormuz that are keeping traffic to a trickle.
Treasury Secretary Scott Bessent said new sanctions being imposed on Iran would amount to the "greatest financial offensive" ever.
After the incidents in Bab el-Mandeb and the Gulf of Oman, President Donald Trump on Truth Social wrote of the Strait of Hormuz, "I THINK WE WILL KEEP IT!"
The U.S. attacks were in retaliation for what the U.S. Central Command called "an attempted surprise attack" with ballistic missiles on Tuesday against U.S. forces in the Middle East.
The United Arab Emirates announced it was indefinitely severing trade relations with Iran on Wednesday after accusing Tehran of firing two ballistic missiles at it.
Iran-US conflict escalates, affecting shipping routes. Reconstruction funding in a US-Iran deal by 2026 at 13.5% YES.
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US to abandon bases? Iran attacks leave America's Gulf strategy in doubt; rebuild or retreat?
Has the Iran war changed America's military strategy in the Middle East? After Iranian missile and drone strikes targeted several US military bases during the conflict, questions are growing over whether Washington will rebuild damaged installations or shift to a smaller,