“The U.S will unveil ‘the single greatest financial offensive ever’ against Iran on Monday, Treasury Secretary Scott Bessent said, while Tehran threatened to seize vessels that violate transit rules in the Strait of Hormuz,” CNBC reports.“The looming escalation comes as both sides missed a 60-day ceasefire window to reach a deal, closing off the formal truce mechanism aimed at ending the Middle East war now in its sixth month.”