Business Standard
The commander of Iran's joint military command on Wednesday threatened to halt trade in the Gulf region if the US does not lift its blockade on Iranian ports. No vessels have made it past US naval forces during the first 48 hours of the blockade, according to the US Central Command. Even so, US President Donald Trump said the war in Iran was "very close to over" in an interview that aired Wednesday. Trump also claimed that China has agreed not to provide weapons to Iran as reports circulate that Beijing has considered transferring arms. China's Foreign Ministry has repeatedly denied in recent days that the country is providing any form of military support to Iran. Separately, Treasury Secretary Scott Bessent warned on Wednesday that the US is preparing to ramp up economic pain on Iran by levying secondary sanctions on financial institutions that do business with the Middle Eastern nation. Bessent called the measure the "financial equivalent" of the bombing campaign. Meanwhile, ...
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