US, Iran keep up hostile rhetoric ahead of new sanctions

US-Iran Tensions Escalate as Sanctions Loom, Oil Shipments Halt in Strait of Hormuz Amid Calls for Diplomacy

US, Iran keep up hostile rhetoric ahead of new sanctions  Reuters

Iran's foreign ministry said that the imminent US announcement of new economic sanctions on Iran was an "assertion of extraterritorial sovereignty over every independent member state of the United Nations."

By Menna AlaaElDin and Kanishka Singh CAIRO/WASHINGTON, Aug 22 (Reuters) - The United States and Iran exchanged defiant messages ahead of Monday's scheduled announcement of new U.S. economic sanctions that could impact the Islamic Republic and Tehran's most important trading partners including China.

Strait of Hormuz traffic plummets and oil prices continue to rise

CAIRO/WASHINGTON, Aug 22 - The United States and Iran exchanged defiant messages ahead of Monday's scheduled announcement of new U.S. economic sanctions that could impact the Islamic Republic and Tehran's most important trading partners including China.