Meanwhile, the IDF continues to strike Hezbollah targets in Lebanon following ceasefire violations by the terrorist group, with Hezbollah saying the latest strike would be "met accordingly."
The Strait of Hormuz is "under Iran's control and management," the recently appointed head of Iran's Basij paramilitary unit said on Thursday.
China’s rapid adoption of e-trucks - from lighter vehicles to tractor-trailers - has partially shielded the world's biggest auto market from the impact of the conflict.
Shipping traffic drops in Strait of Hormuz • UAE condemns 'aggressive Iranian attack' on tankers • IDF to probe soldiers' conduct in Kusra
"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," Bessent said.
Kusra residents vow to stay despite extremist settler violence • US, Israel deny agreement on foreign forces for Hezbollah disarmament • Hamas plans to run in upcoming Palestinian elections
Officials told the Post that IDF Chief of Staff Lt.-Gen. Eyal Zamir told ministers: “The blockade of Iran is highly effective. The economic crisis there is getting worse.”
Ali Abdollahi was appointed as chief of staff of Iran's Armed Forces, with Kioumars Heydari named as his deputy.
In the agreement, the 60-day period refers to an extendable timeframe within which Iran and the US were expected to reach a final deal limiting Tehran's nuclear program and lifting US sanctions.
Israeli defense officials believe that, despite the slim chances, the White House is seeking to signal to Israel that a similar model could be applied in Iran, subject to an agreement with Tehran.
The IRGC used missiles that could suddenly change course, forcing the US to use scarce interceptor missiles, according to the reports.
