Iran sanctions expand amid gas and crude rise
The article discusses the escalation of tensions in the Strait of Hormuz and their impact on the region and the world. Iran has announced the inclusion of 77 ships on its sanctions list due to violations in the strait, amid ongoing tensions between Iran and the United States. Additionally, gas prices in Europe have increased by 5%, and oil prices have surged to nearly $110 per barrel, driven by concerns over potential disruptions in oil supplies due to tensions in the Strait of Hormuz and Bab el-Mandeb. It was also noted that Iran's closure of the Strait of Hormuz and attacks on regional bases have led to an escalation of the situation, with tensions between the two sides persisting, accompanied by exchanges of attacks and threats.
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