IRAN

 

US Tightens Iran Sanctions As Tehran Tones Down Hormuz Threats

 

The US president and Congress have separately tightened the sanctions screw on Iran, drawing criticism from both Tehran and China. While Iran and some of its customers scramble to find insurance cover for tankers carrying Iranian oil, Tehran has toned down its threats over the Strait of Hormuz. Nick Wilson reports.

 

On 31 July President Barack Obama signed new sanctions...