US says it will impose ‘toughest sanctions in history’ on Iran
Summary
The United States says it will impose the toughest sanctions in history on Iran, with oil prices rising after fresh threats of economic warfare from Washington. Iran condemned the moves as economic terrorism as tensions deepened over the conflict and shipping through the Strait of Hormuz.
Key Points
- US Treasury chief Scott Bessent said Washington will impose “the toughest sanctions in history” on Iran and promised more details next week.
- President Donald Trump threatened economic warfare against any country providing a lifeline to Iran.
- Oil prices climbed to a more than three-week high amid fears of further disruption to Middle Eastern energy flows and shipping through the Strait of Hormuz.
- China warned that sanctions and pressure would not solve the problem, while Iran called the US measures economic terrorism.
