US vows to 'collapse' Iran with new sanctions as energy prices spike

{"#TighteningSanctions":"- The Trump administration is escalating sanctions against Iran, with Bessent stating that they will be 'the toughest in history'.\n- These sanctions are expected to target financial institutions, businesses, and government entities providing support to Iran.\n- Secondary sanctions on China have been discussed as a potential measure to fully isolate Iran.","#OilMarket":"- Brent Oil prices have surged by 2% to $93.41 per barrel, highlighting the economic impact of the conflict.\n- The shipping market has also seen significant price increases, with tanker rentals soaring to $500,000 per day.\n- Iran's oil exports are crucial for China, which relies on Iranian oil imports.","#StraitOfHormuz":"- The ceasefire between Iran and Saudi Arabia is in jeopardy, with continued attacks by both sides in the Strait of Hormuz.\n- This has led to increased reliance on alternative routes for shipping crude oil from the Gulf region."}