Commodities
Iran Threatens to Cut Off Oil Exports Amid Escalating Tensions with US
Tensions between Iran and the US have escalated as Tehran warned that it could halt all oil exports through the Strait of Hormuz if Washington's 'economic war' continues.
In a post on X, Supreme National Security Council Secretary Mohsen Rezaei stated that if the economic war persists, not a single drop of oil will be exported. This warning comes as Iran faces increased pressure from the US over plans for tougher economic measures.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf ridiculed the US on Sunday, using satirical commentary to argue that heavy-handed economic restrictions ultimately backfire.