U.S. Vows Toughest Ever Sanctions on Iran as Regional Tensions Escalate
Washington has also warned countries maintaining economic ties with Tehran that they could face consequences. China, a major buyer of Iranian oil has rejected sanctions as a solution and called for diplomacy. Iran has condemned the planned measures and warned that further U.S. pressure could provoke a severe response. Meanwhile, concerns over disru
ptions to oil shipments through the Strait of Hormuz are adding to global market uncertainty.
