"US-Iran Standoff Intensifies: Washington's Sanctions Bite as Tehran Refuses to Budge. The United States is stepping up pressure on Iran, with US Treasury Secretary Scott Bessent announcing a significant blow to the country's oil industry. According to Bessent, Iran's oil production is beginning to dwindle due to the American blockade of the Strait of Hormuz, a critical shipping channel through which a substantial 20% of the world's oil and liquefied natural gas is transported. As tensions escalate, the Iranian government is showing no signs of backing down, with Tehran's UN envoy emphasizing the need for full respect of Iran's rights as a key component of lasting regional stability."
Tehran’s UN envoy says ‘full respect’ of Iran’s rights also key for lasting regional stabilityUS is being ‘humiliated’ by Iran’s leadership, says Friedrich MerzThe US treasury secretary, Scott Bessent, has said Iran’s oil industry is starting to shut production down because of the American blockade of the strait of Hormuz, the critical shipping channel via which about 20% of the world’s oil and liquefied natural gas is usually transported through.“Pumping will soon collapse. Gasoline shortages in Iran next,” he added in a post on X. Continue reading...
