U.S. Intensifies Pressure on Iranian Oil Buyers

The U.S. threatens sanctions on countries buying Iranian oil, specifically targeting China. Treasury Secretary Scott Bessent announced the enforcement of a maritime blockade and possible secondary sanctions. This move is part of the U.S.'s strategy to exert 'maximum pressure' on Iran due to its nuclear ambitions and support for militants.

The United States escalated its efforts to curb Iranian oil exports on Wednesday, signaling potential sanctions against any country continuing to purchase the commodity, with China being a primary target.

U.S. Treasury Secretary Scott Bessent revealed the administration's readiness to impose secondary sanctions on nations holding Iranian assets within their banking systems. The maritime blockade aimed at halting Iranian oil shipments comes as the conflict with Iran enters another week.

The Trump administration's strategy focuses on applying 'maximum pressure' to counter Iran's nuclear developments and regional influence. This has included sanctions on Iran's oil sector, countering ongoing shipments to China and other countries.

(With inputs from agencies.)