Middle East live: US threatens Iran with economic isolation like 'never seen before'
Summary
The United States is planning to impose unprecedented economic isolation on Iran as tensions rise in the Middle East. In related developments, President Trump’s negotiator Jared Kushner will visit the region to work on a Gaza ceasefire, while the U.S. aims to keep oil prices low amid the conflict involving Iran and the Strait of Hormuz.Key Facts
- U.S. Treasury Secretary Scott Bessent warned of economic isolation measures against Iran that the world has never seen before, with new actions expected next week.
- Jared Kushner, President Trump’s son-in-law and negotiator, will travel to the Middle East to push for a ceasefire in Gaza after initial deal resistance.
- Kushner will join officials, including former British Prime Minister Tony Blair, on a visit to Israel and Cairo to support the Palestinian group set to manage Gaza under the ceasefire plan.
- Vice President JD Vance said the top U.S. priority is to keep oil and gas prices low for Americans during the Iran conflict.
- The United Arab Emirates condemned an Iranian attack on two vessels linked to the state-owned Abu Dhabi National Oil Company in the Strait of Hormuz.
- Iran has effectively blockaded the Strait of Hormuz and seeks to charge fees for passage, a move opposed by the U.S.
- Oil prices rose slightly after the U.S. threatened to maintain a naval blockade of Iran, which could limit crude oil supply.
- The U.S. is focusing on preventing Iran from obtaining nuclear weapons while managing economic and strategic concerns around the Strait of Hormuz.
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