Commodities
Iran Threatens Maritime Exclusion Zone Amid Ongoing Tensions with US
Iran has warned that economic warfare will be met with a maritime exclusion zone. Rezaei likely referred to the Qassem Basir ballistic missile fired at US warships near the Strait of Hormuz, which the US military said its warships evaded.
The threat comes as tensions between Iran and the West remain high. The US has imposed sanctions on Iran's oil exports, which have had a significant impact on the country's economy.