West Asia LIVE: U.S. says it will impose 'toughest sanctions in history' on Iran
The U.S. has threatened to impose significant sanctions on Iran, leading to a rise in global oil prices. The geopolitical tension stems from ongoing conflicts in West Asia and potential impacts on oil supply chains.
Why it matters
Escalating sanctions on major oil-producing nations directly impact global energy markets and economic stability.
Oil prices rose to more than a three-week high on Thursday following those U.S. threats of financial penalties aimed at forcing an end to a nearly six-month-old war that has stranded millions of barrels of oil.
USA / Donald Trump / Iran / Israel-US strikes on Iran / Live news
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