Iran's foreign minister dismissed Trump's threat to wage "Economic Warfare and Isolation on an unprecedented scale" as a diversion from U.S. national debt problems and a "doubling down on failed policies." Trump announced a 'crushing economic operation' against Iran that he called 'an economic D-Day.' "'Economic D-Day' is a diversion from America's own crisis: unprecedented debt & surging interest costs." Vance: the war entered a 'new phase where the most effective tool that we have is the economic pressure that we can apply to them.' Bessent: "It is a one-two punch. We have the blockade, and we are going to have the toughest sanctions in history." Brent crude near $94; 67 ships stopped by Hormuz blockade; $4.5 billion Qatar aircraft sale; USS George Washington relief deployment.