America warns Iran of economic sanctions
The escalation between the United States and Iran over sanctions and the blockade continues, with Washington announcing its readiness to impose unprecedented economic measures aimed at increasing Iran's economic isolation. Meanwhile, Tehran threatens to take new economic steps in response to the sanctions. These statements come amid ongoing maritime blockade efforts against Iran, especially through the Strait of Hormuz, which has seen a significant decline in ship traffic to about 8 vessels per day, compared to over 130 ships before the conflict. The International Energy Agency (IEA) expects this to lead to a 4% decrease in global oil supplies this year, with growing fears that oil prices could reach $120 if the crisis persists. Despite ongoing diplomatic and technical efforts, Washington continues to assert that it has additional leverage tools to impose further isolation on Iran, amid expectations of negotiations to enhance freedom of navigation through the Strait of Hormuz.
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