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International
US Launches New Sanctions on Iran, Tehran Warns of Gulf Oil Blockade
✍️ Times of India
🗓 24 Aug 2026, 07:53 AM
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Washington announced a fresh round of financial sanctions targeting entities dealing with Tehran, while Iran warned it could halt oil shipments from the Persian Gulf.
Washington has signalled an "endgame" in its campaign against Iran, unveiling a new slate of financial sanctions aimed at individuals, firms and foreign governments that continue trade with Tehran. The measures, announced by the U.S. Treasury, expand existing restrictions to cover a broader network of entities suspected of supporting Iran's nuclear and regional activities.
In retaliation, Iranian officials have warned that they may suspend oil exports from the Persian Gulf, a move that could disrupt global energy markets given the region's share in world oil supply. Tehran's statement emphasized that any further U.S. pressure would force it to protect its economic interests by curbing shipments.
China, a major trading partner of Iran, has pushed back against the U.S. approach, urging diplomatic dialogue instead of unilateral sanctions. While back‑channel talks continue, the heightened tension underscores the challenges facing multilateral efforts to resolve the dispute.
In retaliation, Iranian officials have warned that they may suspend oil exports from the Persian Gulf, a move that could disrupt global energy markets given the region's share in world oil supply. Tehran's statement emphasized that any further U.S. pressure would force it to protect its economic interests by curbing shipments.
China, a major trading partner of Iran, has pushed back against the U.S. approach, urging diplomatic dialogue instead of unilateral sanctions. While back‑channel talks continue, the heightened tension underscores the challenges facing multilateral efforts to resolve the dispute.