Six Months of War Keep Pressure on Iran and Oil Routes

Six months into the war, the United States has issued fresh Iran-related sanctions, and the US Treasury Secretary is set to discuss strengthening economic pressure on Iran with G20 countries. Iran's supreme leader called for domestic production and reduced reliance on the dollar, while a deputy speaker said Iran continues supplying goods and energy despite the pressures. Qatar extended force majeure as the crisis in Hormuz still blocks LNG traffic, and oil prices headed for a weekly loss even as Iran tensions simmer. Iran also said all countries are obliged to refrain from implementing US sanctions.