U.S. Treasury Secretary Scott Bessent announced that the U.S. plans to impose additional secondary sanctions on Iran weekly, with the first wave targeting the banking sector, and warned that the next step would be direct sanctions on relevant banks. Iranian President Pezeshkian admitted that Iran's imports and exports have decreased by as much as 35% due to U.S. sanctions and blockades, and announced an increase in domestic gasoline prices. He also stated that Iran does not seek war but will deliver a "decisive response" to aggressors.