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US vows unprecedented sanctions on Iran, Treasury chief says
US Treasury Secretary Scott Bessent said Washington will apply measures on Iran that have 'never been seen in the history of economic isolation', including a blockade in the Strait of Hormuz. Vice…
The Story in Brief
US Treasury Secretary Scott Bessent said Washington will apply measures on Iran that have 'never been seen in the history of economic isolation', including a blockade in the Strait of Hormuz. Vice President JD Vance told Fox News that keeping oil and gas prices low for Americans is the top goal in the Iran conflict, ahead of preventing a nuclear weapon, contradicting President Trump's stated objective. Defence Secretary Pete Hegseth said the US Navy can maintain its blockade indefinitely, as Al Jazeera reported. The US could not independently verify Israeli warnings that Iran planned to assassinate President Trump, Reuters reported. The aircraft carrier USS George Washington is heading to the Middle East after reported problems aboard the USS Abraham Lincoln.
The Indian Opinion
The US promise of 'never-before-seen sanctions' sounds tough, but the administration is sending mixed signals: Vance puts cheap oil ahead of nuclear threat, while Trump insists otherwise. The unverified Israeli claims about assassination plots only add confusion. If the goal is to squeeze Iran without spiking oil prices, the arithmetic doesn't add up. Watch whether crude prices actually stay low, that will tell if the blockade is real or just talk.
Source: livemint.com
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