The U.S. is preparing to unleash its most aggressive sanctions yet on Iran, with Treasury Secretary Scott Bessent set to announce sweeping financial measures aimed at crippling Tehran’s economy and forcing global allies to sever ties. President Trump has labeled this move “Economic Warfare and Isolation,” warning penalties for anyone aiding Iran’s evasion. Iran remains defiant, with its Revolutionary Guard vowing resilience and continued trade. Oil markets are already reacting, showing volatility as analysts brace for potential price swings between $70 and $100 per barrel — with even modest increases in Hormuz oil flows possibly pushing prices lower, hinting at a looming oversupply.
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