US Plans New Sanctions on Iran Amid Gulf Oil Tensions

Aug 24, 2026

70 min

Aug 24, 2026 05:11

Middle East war: US readies Iran sanctions as Tehran threatens Gulf oil

## Rising Tensions in the Middle East

The United States is preparing to impose new sanctions on Iran, targeting its trading partners, as tensions escalate in the Middle East. Iranian security chief Mohsen Rezaei has threatened to disrupt Gulf oil exports if the US continues its economic pressure. Rezaei also warned that any country supporting US measures would be considered as engaging in an "act of war."

## Impact on Global Oil Markets

The situation has already affected global oil markets, with fewer than 20 commodity vessels passing through the Strait of Hormuz over the weekend. This vital route is crucial for global energy supplies, and its disruption could have significant implications.

## Regional Diplomatic Efforts

In an effort to ease tensions, Pakistan's army chief is scheduled to visit Tehran. Meanwhile, Iran is promoting a regional security bloc and alternative trade arrangements to counter US sanctions. Iranian Parliament Speaker Mohammad Bagher Ghalibaf has criticized US policies and emphasized Iran's intention to strengthen economic ties with neighboring countries, bypassing the US dollar in favor of national currencies.

## Proposed Regional Security Measures

Oman has proposed a regional management system for the Strait of Hormuz, involving Iran and other parties. This system would include voluntary fees for navigation and safety services, similar to arrangements in the Strait of Malacca. The proposal aims to ensure the continued flow of trade and energy in the region.

Read the full story at the source

What you need to know to get Emirates ID?

Leave your details and get a guide as a gift to avoid mistakes

Article contents

LinkedIn X Facebook WhatsApp Telegram