CAIRO/WASHINGTON, United States — Washington is set to unveil tougher economic measures against Iran on Monday, with U.S. Treasury Secretary Scott Bessent describing the planned action as the “single greatest financial offensive” ever assembled against an adversary. Iran has responded by threatening to stop oil exports through the Strait of Hormuz and elsewhere in the Persian Gulf.
टैग: Global Oil Prices
Proposed Hormuz Deal Could Give Iran Greater Control Over Gulf Shipping as Negotiations Continue
A proposed agreement being discussed between Iran and Oman could hand Tehran a significant role in overseeing ships entering the Persian Gulf through the Strait of Hormuz, according to a senior Iranian source and two regional officials familiar with the negotiations. If implemented, the arrangement would mark one of the most consequential changes to the management of one of the world’s busiest energy trade routes, although officials involved in the talks cautioned that key issues remain unresolved and that no final agreement has yet been reached.