Iran is pushing back against new U.S. sanctions targeting its oil sector, calling the measures “illegal and unjustified” amid rising tensions after its missile strike on Israel this month.
Foreign ministry spokesperson Esmail Baghaei defended Iran’s retaliatory attack in a fiery Sunday statement, accusing Washington of escalating hostilities. “These sanctions are not just unlawful—they ignore the root causes of regional instability,” he said.
The move comes as global oil markets brace for ripple effects. With Iran being a major crude producer, analysts warn this could tighten supply chains and push prices higher—bad news for drivers and industries worldwide.
While the U.S. claims the sanctions aim to curb Iran’s military capabilities, Tehran insists its missile program is purely defensive. The standoff highlights how Middle East tensions continue to shape global politics and economics, from gas pumps to boardrooms.
The standoff highlights how Middle East tensions continue to shape global politics and economics, from gas pumps to boardrooms.
