A United States naval blockade on Iran is strangling the Islamic Republic’s main economic corridors – leaving Tehran facing a looming oil storage crisis and its citizens grappling with rising food prices and surging unemployment.

Ceasefire talks between the US and Iran stalled after Iranian Foreign Minister Abbas Araghchi left Pakistan, prompting President Donald Trump to cancel planned envoy travel to Islamabad. The move coincided with new US sanctions on a major Chinese oil ...

Sanctioned traders, including Hossein Shamkhani, have been able to move oil through the Strait of Hormuz and exploit higher prices.

The Trump administration has frozen $344 million in cryptocurrency it says was linked to Iran as the United States ratchets up pressure on Tehran.

Treasury Secretary Scott Bessent and Sen. Chris Coons clash over claims that Iran gained $14 billion from temporary U.S. sanctions relief on oil.

Tether froze $344 million in USDT linked to Iran, raising the chance of no US-Iran diplomatic meeting by June 30 to 6% YES.

European Union chiefs have expressed scepticism over Germany’s proposal to gradually ease sanctions on Iran in return for reopening the Strait of Hormuz. "If a comprehensive agreement is to be