2 weeks ago

US Vows Unprecedented Iran Sanctions, Indefinite Hormuz Naval Blockade

US Vows Unprecedented Iran Sanctions, Indefinite Hormuz Naval Blockade
US-Iran War Live Updates: US Treasury vows 'never seen before' sanctions on Iran · CNBC TV 18

The United States and Iran are fighting a war.

The US Navy is stopping ships from going in or out of Iran's ports, and the Navy's leader, Pete Hegseth, says America can keep doing this for as long as it needs to.

America's money leader, Scott Bessent, says the US will use new money rules against Iran that have never been used on any country before.

Vice President JD Vance says the most important goal is to keep gas and oil prices low for Americans, and stopping Iran from getting a nuclear weapon comes second.

President Donald Trump sees it differently — he says stopping the nuclear weapon was the whole reason for the war.

Israel told America that Iran planned to hurt President Trump, maybe with a sniper or a knife, but American spies could not prove it.

Iran's army says the US is wrong about ships moving through the Strait of Hormuz, and that no ship passes without Iran's permission.

Two oil tankers from the United Arab Emirates were attacked while sailing through that waterway, but nobody was hurt, and Yemen's Houthi rebels said they fired two missiles at another nearby waterway.

America says it will share more news about its new Iran measures next week.

Key facts

Conflict
US-Iran war; 12-day war began in June last year
New US measures
Economic isolation 'never seen in the history of economic isolation on a country' plus continued Strait of Hormuz blockade, per Scott Bessent
Next announcements
Expected next week, per Bessent
Top US goal (Vance)
Keep oil and gas cheap for Americans; prevent Iranian nuclear weapon ranked second
Naval blockade
US Navy can maintain it 'indefinitely' by rotating ships in and out, per Pete Hegseth
Strait of Hormuz status
Trump claims 'total control'; Iran's military says no vessel transits without Iranian authorization
Assassination warnings
Israel warned of Iranian plots against Trump; US intelligence could not independently verify (Reuters)
Maritime incidents
Two Abu Dhabi National Oil Company tankers attacked in Hormuz with no injuries; Houthis fired two missiles at Bab al-Mandeb

Quotes

Treasury Secretary Scott Bessent

US Treasury Secretary

“"It will be a combination of economic isolation like the world has never seen before, and the continued blockade in the Strait of Hormuz that will keep anything from going in or out of the Iranian ports."”
livemint.com
“"Watch this space for more announcements coming next week because we are going to apply measures like have never been seen in the history of economic isolation on a country."”
CNBC TV 18 livemint.com

Vice President JD Vance

US Vice President

“"Washington's objectives in the conflict were to stabilise American energy prices, prevent Iran from obtaining nuclear weapons, and ultimately emerge from the standoff in a position of strength."”
CNBC TV 18
“"I know that oil is down today and it's way down from the highs in the early days of the conflict, and that’s goal number one – keep oil and gas cheap for Americans all over our country."”
livemint.com

Sources

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