U.S. Treasury Secretary Scott ?Bessent ?said on Tuesday Washington was likely to announce bank sanctions against Iran this week, stepping up an attempt to “economically asphyxiate” Iran’s leadership after six months of conflict. Oil prices rose further after the first exchange of direct attacks since July and reports of two tankers being hit leaving the Strait of Hormuz, the global oil supply waterway that Iran has effectively closed to shipping. Tehran remained defiant, warning that it would ?prevent oil being exported from the Gulf, despite a threat by U.S. President Donald Trump to hit Iran “hard” in response to the…
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