In a brewing storm for Iran, reports hint at fresh sanctions from the West, spearheaded by the US and UK, following Iran’s recent massive attack on Israel. As tensions escalate, Israel’s appeal to 32 nations for sanctions against Iran adds fuel to the fire. The US Treasury Secretary, Janet Yellen, is reportedly preparing to table these sanctions, while a growing number of EU countries also rally behind economic penalties. The looming threat of sanctions poses a potential spike in crude oil prices, historically tied to Iran’s oil production. Israel’s diplomatic push for international isolation of Iran underscores the gravity of the situation. Meanwhile, Iran has issued a stark warning against any Israeli retaliation. Click to Find out more.
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