The Financial News

The Financial News

LIVE: Strait of Hormuz vessel traffic as US threatens ‘toughest sanctions’


Vessel traffic in the Strait of Hormuz as treasury chief Scott Bessent said the United States will impose “the toughest sanctions in history” on Iran, a move he suggested would lessen the need for new major military operations. The U.S. and Iran have twice announced ceasefire deals, in April and June, aiming to restore the free flow of shipping through Hormuz on a path towards ending the conflict, but both quickly crumbled.
 
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