Tensions Escalate: U.S. Sanctions Squeeze Iran Amid Ongoing Conflict

The U.S. plans new sanctions against Iran, intensifying economic strain and affecting trade partners like China. Despite ongoing conflict, oil shipments in the Strait of Hormuz have nearly stopped. U.S. Treasury Secretary to announce sanctions aiming to curb Iran's activities, while Iranian officials vow military retaliation.

Iran on Saturday condemned upcoming U.S. sanctions expected to further strain its economy and affect key trade partners, notably China.

Amid prolonged conflict, oil shipments through the Strait of Hormuz have nearly stopped, raising global economic concerns.

U.S. Treasury Secretary Scott Bessent will unveil what he calls 'the toughest sanctions in history' on Iran, challenging Tehran's regional activities.