US Targets Iran's Oil Trade Amid Rising Tensions

The US Treasury has targeted Iran's oil trade and revenue as part of its efforts to strangle the country's economy. The move comes after a tanker was hit in the Strait of Hormuz, raising stakes for global energy markets.

President Trump has remained resolute on his stance against Iran, saying 'we don't want to speak to Iran.' Tehran mocks the financial sanctions plan, calling it ineffective. Experts warn that success will not come overnight and that a military approach may be necessary.