Iran faces expanded US pressure while Gulf oil markets brace for potential shocks
US Treasury Secretary Scott Bessent unveiled plans for what he called the “economic asphyxiation” of Iran, warning countries that refuse to join Washington’s pressure campaign. The developments come as Saudi shipping company Bahri reported a security-related incident involving its vessel AMZAN in the Red Sea, with all crew safe and no injuries. Maritime traffic remains active through the Strait of Hormuz and Bab El Mandeb, although Kpler data shows shifting risks across the key chokepoints. Meanwhile, President Donald Trump said Iran is “collapsing”, while Chinese President Xi Jinping called for a diplomatic solution to the Middle East crisis.
Source: Gulf News
