Fox News·2 min read·medium

Crude oil prices shoot up after Red Sea joins Strait of Hormuz as Iran war's second choke point - Fox News

Crude oil prices shoot up after Red Sea joins Strait of Hormuz as Iran war's second choke point - Fox News
AI Summary

Crude oil prices have risen following increased geopolitical tensions in the Red Sea and the Strait of Hormuz. The U.S. government has responded by imposing new sanctions on an Iranian financier and his network for helping the regime evade existing restrictions.

The U.S. government announced new sanctions Friday against Iranian financier Babak Zanjani and his network, targeting four individuals and nine entities accused of helping the Iranian regime evade sa…

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