Iran’s Hormuz leverage wanes as US economic squeeze bites
TEHRAN: Six months after a conflict that rattled markets and pushed the region to the brink of a wider war, the tide may be turning against Iran as Washington unleashes an unprecedented economic offensive to achieve what military force could not. After years of surviving sanctions, Tehran is now confronting one of the harshest squeezes in the regime’s history, according to a Reuters report citing Iranian insiders and regional sources. A US naval blockade and tougher sanctions are curbing oil exports, restricting access to foreign currency and exposing growing strains in the economy. The campaign has led US and regionalRead More
Saudi Arabia’s top diplomat discusses recent developments with Iranian, Pakistani FMs
RIYADH, SEP 6: Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan discussed recent developments with his Iranian and Pakistani counterparts in separate phone calls, the foreign ministry said on Sunday.Read More
