Commodities
US Slams 'Toughest Sanctions in History' Ahead of Iran Showdown
The US and Iran are escalating their hostile rhetoric ahead of new sanctions that could impact the Islamic Republic's trading partners, including China.
US Treasury Secretary Scott Bessent will hold a press conference on Monday to announce what he calls 'the toughest sanctions in history' on Iran.
The Strait of Hormuz has seen almost no oil traffic since the war began six months ago, with only four commodity ships passing through last week.