Commodities
US Imposes Toughest Sanctions Yet on Iran Amid Economic Warfare
The U.S. has imposed its toughest sanctions yet on Iran, aimed at weakening the country's economy through financial penalties rather than military intervention.
U.S. Treasury chief Scott Bessent announced the new measures, which follow President Donald Trump's warning of 'Economic Warfare' targeting nations that provide assistance to Iran.
The sanctions have already led to a spike in oil prices, reaching a three-week high due to market anxiety over potential disruptions in Middle Eastern oil trade.