Economic “D-Day” Escalation: US Vice President JD Vance says Washington has entered a “new phase” against Iran where economic pressure is the “most effective tool,” calling it a “delicate dance” as Tehran may retaliate. Sanctions Push: Treasury Secretary Scott Bessent says the US will impose the “toughest sanctions in history,” aiming for “greatest coordinated economic isolation” and warning allies and China to “get with the program,” with details promised Monday. Blockade + Sanctions: Reporting says the US has set up a maritime corridor through the Strait of Hormuz while a naval blockade continues, as oil markets react to supply fears and prices climb. Tehran Response: Iran’s Foreign Minister Abbas Araghchi dismisses the campaign as “economic terrorism” and a distraction, while Iran warns it will use “more devastating” weapons if war resumes. Regional Fallout: UAE moves to suspend trade/financial ties with Iran amid the pressure campaign, and China condemns the economic war. Diplomatic Signals: Russia says it is not pressuring Iran to resume talks, blaming the US for aggression. Broader Pressure: The US also targets Hezbollah’s financing network, underscoring IRGC-linked ties.