US President Donald Trump has threatened tougher economic measures against Iran.Trump said countries and businesses supporting Iran could face serious economic consequences.He said the measures would target oil smuggling, financial transfers and other activities supporting Iran.Iranian Foreign Minister Abbas Araghchi rejected the threat. He said more pressure would increase tensions between Iran and the United States.The latest warning comes amid growing tensions around the Strait of Hormuz. The waterway is a major route for global oil and gas supplies.The development has raised concerns about higher energy prices and possible effects on the global economy.
About The Author
