Trump threatens to 'decimate' Iran, Treasury hits alleged financier

Iran's state media channels did not immediately confirm or deny that it had asked to continue negotiations.

Trump's early Friday post confirmed a report by MS NOW, citing a U.S. official, that the warring powers will engage in "technical talks" and remain committed to finding solutions despite a return to hostilities.

The U.S. military conducted renewed rounds of offensive strikes against Iran in retaliation for three commercial vessels transiting the Strait of Hormuz coming under attack. The U.S. Treasury Department subsequently withdrew a waiver that had allowed Iran to sell its oil.

Treasury stepped up pressure with sanctions against an alleged financier it accused of helping new Supreme Leader Mojtaba Khamenei, the son of the late leader.

"Following Iran's resumption of attacks on international shipping in the Strait of Hormuz, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) took action against Iranian financial facilitator Ali Ansari (Ansari), who oversees a sprawling global network of assets benefitting Iran's leader–Mojtaba Khamenei–and other regime elites," the department said in a statement.

"The so-called Supreme Leader is hiding in seclusion while his regime crumbles," Treasury Secretary Scott Bessent was quoted as saying. "Treasury will continue using every tool at its disposal to isolate him and other regime elites from the global financial system. We will preserve these assets for the Iranian people."

Iranian Foreign Minister Abbas Araghchi said the move violated the June memorandum of understanding between the U.S. and Iran.

"Iran has so far kept its word, unlike the so-called U.S. Treasury Secretary who is violating Para 9 of the MoU," Araghchi said in a post on X.

"That violation follows other violations and missteps by the United States. Reality check: There can only be mutual compliance," he added.

Iran's semi-official Tasnim News Agency reported that Araghchi arrived in Oman early Saturday for talks. Oman has been a key mediator in efforts to end the war.