Fresh US sanctions spark petrol queues in Iran
TEHRAN, Aug 26 — Long queues formed at petrol stations in Tehran yesterday after the US announced fresh sanctions...
Tehran experienced long petrol queues on August 26 following the US announcement of fresh sanctions aimed at pressuring Iran. The US Treasury Secretary, Scott Bessent, laid out plans for an "economic asphyxiation" strategy, aiming to "sever every economic lifeline" sustaining the Iranian regime. The sanctions target Iran's digital assets, technology, gold, aviation, and shipping sectors, affecting entities globally, including the UAE, Hong Kong, China, Singapore, and Europe.
Iran dismissed the sanctions, predicting a "defeat" for Washington, stating it has been preparing for such measures and has a two-year plan to manage the situation. Oil prices fell slightly as traders assessed the risk of further strikes on Iran, dropping around three percent to below $90 a barrel. Meanwhile, Iran and Oman discussed establishing a joint temporary navigational corridor through the Strait of Hormuz and implementing a project to clear the area of mines.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
