- The U.S. is set to unveil what it calls the "greatest financial offensive ever" — new sanctions aimed at Iran and its trade partners, with a Treasury press briefing planned Monday.
- Iran warns it could shut down all oil exports from the Gulf and treat support for U.S. sanctions as an act of war.
- The standoff is disrupting Gulf shipping and oil markets, while regional mediators (Pakistan, Qatar, Turkey) are trying to push for diplomacy.
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