Iran war news LIVE Updates: Treasury Secretary Scott Bessent told CNBC that he will hold a press conference on Monday to explain new US sanctions against Iran, which will be the “toughest” in history.
He said the US will soon unveil its plan to economically isolate Iran and its trading partners, after President Donald Trump threatened Tehran and others with an “ECONOMIC D-DAY” to end the current stalemate in the Middle East.
Iran dismissed the threat on Sunday, saying sanctions are an “implicit admission of the enemy’s humiliating defeat,” according to its state media.
Bessent touts ‘endgame’ with Iran as US turns to economic war
The United States is entering the “endgame” of its confrontation with Iran,Tr easury Secretary Scott Bessent said Sunday, pledging to sever every remaining economic lifeline to Tehran in what he described as an “economic D-Day.”
“At dawn begins an economic D-Day — the single greatest financial offensive ever marshalled against an adversary,” Bessent wrote in an opinion piece for the Financial Times.
Iran warns vessels violating protocols for Strait of Hormuz
Iran’s Ports and Maritime Organization (PGSA) warned vessels violating its protocols for the Strait of Hormuz that they could face restrictions on future passages, including fines, detention or confiscation.
In a post on X on Monday, the PGSA said, “Vessels violating Iranian protocols for the Strait of Hormuz shall face restrictions on future passages, including fines, detention, or confiscation.”
The authority also warned that vessels cooperating with ships already listed as non-compliant would themselves be added to the list.
“Effective immediately, any vessel cooperating with listed vessels (via STS, transshipment, etc.) will be added to the list,” PGSA said.
Iran had on Sunday said that vessels from “authorised” countries transiting the Strait of Hormuz will now be required to pay service fees to Tehran.
US forces redirect 70 vessels during Iran blockade
US forces have redirected 70 commercial vessels, disabled three and boarded two since enforcing a naval blockade against Iran, US Central Command (CENTCOM) said.
In a post on X, CENTCOM said, “A U.S. Sailor monitors flight operations aboard USS John Finn (DDG 113) as the guided-missile destroyer sails in the Arabian Sea and enforces the U.S. blockade against Iran. As of Aug. 23, U.S. forces have redirected 70 commercial vessels, disabled 3 and boarded 2 to ensure compliance.”
Stay tuned to this LIVE blog for al the latest news on Iran-US war:
Key Events
US-Iran war news LIVE Updates: Bessent says ‘objective is to sever every economic lifeline that…’
US Treasury Secretary Scott Bessent tweets, “President Trump has dismantled Iran’s military capabilities, destroyed nearly 100 percent of its military factories, and buried its nuclear program. We are now entering the endgame. At dawn begins an economic D-Day — the single greatest financial offensive ever marshaled against an adversary…”
He adds, “…those who fear the danger of defying Tehran ought not to discount the cost of testing Washington. The President has created the conditions to leverage every agency, every authority and action many assumed we would never summon. Our objective is to sever every economic lifeline that sustains the tyrannical regime until Tehran stands alone.”
US-Iran war news LIVE Updates: US forces ‘redirect 70 vessels, disable 3, board 2 during Iran blockade’
In a post on X, CENTCOM said, “A U.S. Sailor monitors flight operations aboard USS John Finn (DDG 113) as the guided-missile destroyer sails in the Arabian Sea and enforces the U.S. blockade against Iran. As of Aug. 23, U.S. forces have redirected 70 commercial vessels, disabled 3 and boarded 2 to ensure compliance.”
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About the Author
Akriti Anand is a Deputy Chief Content Producer at LiveMint. She is a digital journalist with more than six years in the news industry.<br><br>
In her current role, she covers both national and international politics, and also keeps a close watch on the latest trends in science and space exploration.
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Akriti joined the LiveMint team in October 2023. Before this, she built a strong career at other major media houses. She worked as a senior sub-editor at India Today. Later, she moved to CNBCTV-18. There, she covered high-pressure topics like breaking news and major elections. She spent much of her time analysing Parliament bills and complex political debates. She is also a skilled editor who knows how to polish a story for a digital audience.
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One of her career highlights happened at CNBCTV-18. She made her first television debut during the Chandrayaan-3 mission. She also provided special on-air coverage for the Karnataka Elections.
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When she is not busy with breaking news, Akriti loves to write explainers and interview experts on a wide range of issues. She also enjoys making complex space missions easy for everyone to understand.
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Her education helps her tackle these diverse subjects. She holds a BA in English Literature, a Postgraduate Diploma in Mass Communication, and a Master’s degree in Development Studies. She is currently expanding her knowledge in climate journalism.<br><br>
Connect with Akriti here<br>
LinkedIn: <a href=”https://www.linkedin.com/in/akriti-anand-868285199″>https://www.linkedin.com/in/akriti-anand-868285199</a><br>
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Email: akriti.anand@htdigital.in
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