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Summary
• Bessent Unveils "Operation Economic Outcast" Against Iran
• Pakistan enters diplomatic push: Pakistan's army chief reportedly traveled to Tehran after Trump urged him to help reopen Iran talks.
• Iran threatens new tanker action: Tehran blacklisted 45 vessels and warned of further Hormuz attacks.
• US readies sweeping sanctions: Bessent is preparing a sweeping economic offensive targeting Iran and its trading partners.
• Rial collapses: Iran's currency hit a record low as inflation and economic pressures intensify.
• Hormuz leverage in question: Washington & Western sources claim US-supervised shipping through the Oman corridor has surged 400%.
Bessent Talks
Treasury Secretary Scott Bessent will hold a press conference at 1 p.m. to detail the latest sanctions plan against Iran, which he described to CNBC earlier as the greatest campaign of "coordinated economic isolation in the history of the world."