Washington has turned to pulling economic levers six months into a war on Iran that has ground to a stalemate militarily, with peace talks stalled and most traffic through the Strait of Hormuz blocked.

Iran's SNSC confirms the Strait of Hormuz closure until U.S. meets demands. Traffic sits at 6% of normal levels, with Brent crude near $94 a

Prices for food and other items are soaring, and there is a history of unrest, so any increase is being considered.

Iran has threatened to halt all oil exports across the Persian Gulf, as the United States is set to unveil crippling new sanctions on Monday. The upcoming US curbs aim to sever…

Fuel shortages in Iran lead to long lines at petrol stations as drivers fear price hikes amid US sanctions.