Scott Bessent, ministre américain des finances, a déclaré que Washington avait l’intention de «couper toutes les ressources économiques» du régime iranien.
Les nouvelles sanctions américaines visent cinq secteurs:
les actifs numériques
la technologie
l’or
l’aviation
le transport maritime
Bessent a affirmé que tous les pays qui ne participeraient pas aux sanctions américaines seraient aussi isolés que l’Iran.
Le gouvernement américain menace d’expulser les pays récalcitrants du système financier lié au dollar américain.
The U.S. has spent 20 years promising ‘crippling sanctions’ on Iran. But the latest effort comes with a reverse twist, after military action failed to accomplish President Trump’s goals.
In announcing Operation Economic Outcast, the Trump administration said on Monday that it would involve choking off every last transaction that funnels money to Tehran.
The sailor, Joshua Aviles, was on his way home from the Middle East aboard the beleaguered aircraft carrier when he learned his father had been detained.
Joshua Aviles, right, with his father, Luis Manuel Aviles, in 2025, shortly before Joshua shipped out for the Middle East aboard the aircraft carrier U.S.S. Abraham Lincoln.
Treasury Secretary Scott Bessent said the United States would “tighten the noose” around Iran by imposing sanctions on every source or facilitator of its revenue.
Analysts say Tehran could intensify the dispute militarily after the United States announced new efforts to squeeze Iran’s economy. One Iranian official vowed that “not a single drop of oil” would leave the gulf.
Motorists drive past an anti-American billboard in Tehran on Monday. President Trump has threatened Iran with “economic warfare and isolation on an unprecedented scale.”
Donald Trump has threatened to increase tariffs on Canadian cars, trucks, auto parts and steel to 50% today, after trade negotiations between Washington and Ottowa broke down last week.
On Truth Social, the president blasted Canada, and said the new duties will go into effect on 1 January 2027.
The move to call off the high-profile event was communicated in June, South Korea said. President Trump shortened another joint military exercise earlier this month.
Treasury Secretary Scott Bessent said last week that countries that continue to do business with Iran would face the “full might and force” of the U.S. government.
In recent weeks, the police have closed dozens of cafes, often citing laws that stipulate women must veil in public. Experts say the closures are part of an effort to control public space.
Investors will hope Kevin Warsh offers ‘comfort blanket’ at annual meeting of central banks amid bond market anxiety
The new US Federal Reserve chair, Kevin Warsh, faces a critical test this week amid anxiety in government bond markets over inflation and Donald Trump’s tax and spending plans.
As the world’s most powerful central bank prepares for its annual Jackson Hole conference, analysts said bond traders would be looking for signals from Warsh over its commitment to fighting inflation.
Mohsen Rezaei, Iran’s new security chief, last month in Tehran. Though hostilities have largely ceased, the United States and Iran are locked in an economic standoff.
Abbas Araghchi says country is unbowed but president Masoud Pezeshkian admits its people face ‘many problems’
Iran’s foreign minister has dismissed the threat of a fresh round of US economic sanctions as a “desperate” ploy, even as its president acknowledged that the Iranian people are facing “many problems” amid Washington’s efforts to isolate and debilitate the country’s economy.
Last week, Donald Trump announced a new campaign to increase the pressure on the Iranian economy, calling it “the most crushing economic operation ever taken against any country”. The US Treasury secretary, Scott Bessent, is expected to announce further punitive economic measures on Iran – which he has described as “the toughest sanctions in history” – on Monday.
As the president tries to extract the US from his Iran war quagmire, leadership in Tehran is only too happy to crush his midterm dreams
In the aftermath of his devastating election defeat, the US president remained haunted by regrets over Iran.
Months before Jimmy Carter lost the 1980 presidential election to Ronald Reagan, eight US servicemen died in a botched high-risk rescue mission that failed to secure the freedom of dozens of US hostages seized in Tehran.
President at rally in South Carolina makes comments on key strategic waterway and jokes about bombing Iran
Donald Trump called the strait of Hormuz “an American territory” on Friday, as the US continues its military blockade of Iran’s shipping and ports while Trump’s administration struggles to end its war with the country.
“We don’t even know if we won, because I view the strait of Hormuz as an American territory right now,” Trump said, addressing a crowd in South Carolina. He was campaigning for senator Darline Graham, who is running to permanently fill her late brother Lindsey Graham’s Senate seat.
In Tehran last month. Before the latest round of sanctions was announced, Iranians were already contending with sky-high inflation and other economic hardships.
State sought to stop system off coast of Santa Barbara from resuming operations after Trump ordered its reopening
An oil pipeline can continue to operate off the California coast after a judge gave it the green light this week, despite the opposition of state regulators and environmental groups.
The system off the coast of Santa Barbara resumed operations earlier this year for the first time in more than a decade after Donald Trump ordered Sable Offshore Corporation to reopen it, citing US energy needs during the war in Iran.
USS George Washington will replace warship families say suffers from shortages, plumbing problems and low morale
The USS George Washington aircraft carrier has arrived in the Middle East, where it is expected to relieve the USS Abraham Lincoln from its record deployment amid concerns about poor living conditions and morale.
US Central Command announced on Thursday that the Washington arrived in the area on Wednesday, and posted an image of sailors working on the flight deck as the ship transited the Arabian Sea. No date has yet been announced for the Lincoln to return to the US.
The U.S.S. Abraham Lincoln in San Diego in 2021. The carrier’s most recent deployment began on Nov. 21, and the thousands of sailors on board have spent almost the entirety of the time since at sea.
President Trump appeared to suggest that the United States would impose economic penalties on countries that do business with Iran, though he did not specify what actions he would take.
An FBI team seized electronic devices from former US representative Eric Swalwell at the San Francisco airport on Saturday, then raided his home in Washington, DC, the next day, CNN reported Thursday.
The raid is part of a federal investigation into the sexual assault allegations which ultimately drove the Bay Area Democrat to resign from office in April, sources familiar with the investigation told CNN. The Manhattan District Attorney’s Office and the Los Angeles Sheriff’s Department subsequently opened criminal investigations on Swalwell.
For weeks, there has been no diplomatic progress, but also no full-scale fighting, as each side seems to believe it can hold out longer than the other.
A butcher in Tehran in July. The United States appears to be betting that putting Iran in a tighter economic stranglehold will succeed where military strikes have not.
On one side, you face the domination of the Islamic Republic; on the other, the imperialist forces that republic claims to stand against
August marks the anniversary of the 1988 mass executions in Iran, a horror that echoes in the country’s current surge in death sentences. It also marks the 19 August anniversary of the UK- and US-orchestrated coup against the prime minister Mohammad Mosaddegh in 1953. Amid the current, indiscriminate waves of US-Israeli military assaults against Iran, this letter of solidarity denounces the repression of the Iranian people and their political prisoners by forces both at home and abroad.
The Emirates has long been a major trading hub for Iran, and analysts say it has been key to Iranian efforts to evade international sanctions, which Emirati officials deny.
The president’s hostility to allies like Oman, Canada and South Korea, and his affection for adversaries like North Korea, may still shock some. But it comes as little surprise after a decade of upheaval.
Ayatollah Mojtaba Khamenei’s appointment of hard-line loyalists to top jobs suggests he is prepared to keep the country on a war footing and to quash domestic dissent.
A rally in Tehran in April, with posters of Ayatollah Mojtaba Khamenei. The ayatollah has not been seen in public since being named supreme leader of Iran.
President Trump said a cease-fire agreed in June would lead to limits on Iran’s nuclear program and finish the conflict, but the countries appear far apart.
The Lebanese health ministry said children were among those killed. The Israeli prime minister’s office said Hezbollah had struck first, injuring three Israeli soldiers.
The Sierra Madre, a Philippine naval ship, in the South China Sea in 2023. Last month, a Chinese Coast Guard vessel began circling the ship and confronted Philippine service members.
Azad, a popular online debate program, has tackled topics that push the limits of Iran’s authoritarian system. Some question how it has remained on air.
Russia has ceased producing its Geran-3 jet-powered attack drone, Ukraine’s Military Intelligence (HUR) told the Ukrainian defense outlet Militarnyi. The agency estimates Russian industry now makes about 3,000 newer Geran-4 and Geran-5 drones per month.
Russia is shifting toward faster jet drones as Ukraine’s low-cost interceptors have become more effective against slower Shaheds. The Geran-4 and Geran-5 leave defenders less time to react, requiring faster interceptors or short-range air defenses. At the reported production rate, these newer Geran models, previously used in limited numbers, could become a regular feature of Russian attacks.
HUR said Russia has established serial assembly of the two newer models at the Alabuga complex in Tatarstan, with other Russian companies supplying components. The agency also said Russia’s Defense Ministry wants to expand Alabuga’s capacity. Construction began in May. Satellite imagery showed large-scale work by early July 2026, although the purpose of the new buildings remains unknown.
From Geran-3 to newer jet drones
Russia first used Geran-3 drones in large numbers during a combined nighttime attack on Ukraine on 30 July 2025. At least eight flew alongside propeller-driven Shaheds and decoys. The model retained the Geran-2 airframe but replaced its piston engine with a Chinese Telefly JT80 turbojet. HUR gave it a speed of 300–370 kilometers per hour and a range of up to 1,000 kilometers.
In May, then-Defense Ministry adviser Serhii “Flash” Beskrestnov said Ukrainian defenses stopped 95% of incoming Shaheds during the most recent documented strike and predicted Moscow would produce more jet-powered Geran variants.
The newer Geran-4 has a more robust airframe than the Geran-3 and is designed for high-speed flight and maneuvers. It can reach 500 kilometers per hour.
The larger Geran-5 carries a roughly 90-kilogram warhead and has a stated range of up to 1,000 kilometers. HUR has said Russia may equip it with R-73 air-to-air missiles, potentially threatening aircraft sent to intercept it.
The Chinese engines that Russia itself can't build
The Geran line combines Iranian designs, Russian assembly, and imported technology. HUR described the Geran-3 as a localized version of Iran’s Shahed-238. It found 45 foreign components inside, including parts from the United States, China, Switzerland, Germany, Britain, and Japan.
Russia depends on China for the turbojet engines in newer Geran models. HUR deputy chief Vadym Skibitskyi told RBC-Ukraine that Russia remains fully dependent on Chinese turbojet engines for the Geran-4 and Geran-5. Each costs about $35,000–$40,000, he said.
A Chinese XK-F358 mesh radio recovered from a Geran-5 also helps Russian drones resist jamming. Its manufacturer remains outside the US, EU, UK, and Ukrainian sanctions, according to a review by Euromaidan Press.
Iran is using the war in Ukraine to make its attack drones deadlier. Iran has been refining its Shahed-107 kamikaze drones based on the experience of the war in Ukraine, military analyst Oleksandr Kovalenko said.
Ukraine has become the testing ground where Iran improves the weapons, and Russia then fires at it. The Shahed-107's warheads have received additional shrapnel elements, and a detailed aerodynamic study shows a significant improvement in the drone's structure, Kovalenko explains.
The Shahed is being upgraded from combat experience
Kovalenko said the modifications come directly from how the drones perform in Ukraine. The warheads now carry extra fragmentation elements, increasing their lethality against people and soft targets, and the airframe's aerodynamics have been reworked.
A new loitering munition may be coming
Kovalenko also warned about a weapon already appearing over Ukraine. Karar drones have recently begun reaching Ukraine, not yet on a large scale, but enough to cause some confusion in identifying the weapon. He said he would not be surprised if they appear more widely soon.
He described its specifications.
"The Karar is a loitering munition, more a flying bomb than a drone by classification, equipped with a DLE 111 gasoline engine, with a range of about 300 kilometers on a 28-liter tank and a 15-kilogram warhead," Kovalenko said.
He called it an extremely cheap means of terror for the middle rear zone.
The warning is about the rear
Kovalenko's concern is where such a weapon reaches. A cheap loitering munition with a 300-kilometer range could strike areas well behind the front that have been relatively safe, extending the threat deeper into Ukraine.
Kovalenko framed the weapon's arrival in stark terms, saying that when it appears, people should simply accept what will happen, and declining even to name the region where he expects it to appear. That is his characterization: a single analyst's warning about a weapon whose wider use he anticipates but that has not yet reached scale. EP cannot independently verify Karar's specifications or its deployment.
An endless purgatory: How an exiled Iranian waits and watches
“They’re shooting smoke at protesters.”
“They broke doors.”
“They brought an armored vehicle.”
In Aarhus, Denmark, Hemad Nazari lay in bed, refreshing his phone.
It was early evening in Iran on January 8, when the messages began arriving from Rasht, the northern city where he grew up.
Nearly two hours later, another message appeared: “We are trapped in our home.”
Then the messages stopped.
For the next eight days, Hemad heard nothing from his family.
He wasn’t the only one. Several million Iranians are part of an educated, relatively prosperous diaspora spread across the world, particularly North America and Europe, a diaspora that grew from the mass emigration of professionals and intellectuals after the 1979 Iranian revolution.
Nazari lives in Aarhus, Denmark’s second-largest city. He works for a real estate company. He’s a photographer, an active part of the local climbing community, and over the past year, he has been cycling across the world with his girlfriend.
It looks and feels like freedom. And in many ways, it is.
But Nazari hasn’t set foot in Iran for eight years. In that time, he has met his parents three times — twice in Turkey, once in Nepal.
As for now, with a nationwide internet blackout still in effect amid a flickering, faltering peace process, he can, like everyone else around the world, only watch — and wait.
A large plume of smoke rises over Tehran after explosions were reported in the city during the night on March 07, 2026 in Tehran. Contributor/Getty Images.
Hemad Nazari left Iran in 2016, at 27. He was not at the time a political exile. He was a civil engineer with a steady job and a passport that made most borders difficult to cross. He wanted to travel. To see the world. To live somewhere else for a while.
The sanction-ridden Iranian economy was in a state of collapse. Nazari’s salary, once worth a few hundred dollars a month, shrank rapidly as the currency fell. Saving money became meaningless. Planning a future felt abstract — a concept more than a tangible goal.
So he left. He went to Vietnam first. Then Nepal, Georgia, Turkey. What began as travel, slowly turned into something more permanent.
“I didn’t leave because I thought Iran would change,” he told me. “I left because I could see that it wouldn’t.”
And it wasn’t because people were satisfied, or afraid of change. The January protests, in which many thousands of Iranians were killed, were no eruption, no sudden flaring of anger.
Since 2019, Iran has experienced three major waves of mass protest. That year, demonstrations sparked by a sudden rise in fuel prices spread rapidly across the country. The response was immediate. There was, typically, a near-total internet shutdown and, according to a Reuters investigation, as many as 1,500 people may have been killed during the crackdown. Human rights groups said more than 10,000 people were arrested during and after the protests, with many of them held incommunicado and at risk of being tortured or facing capital punishment.
The demonstrations ultimately collapsed under isolation and fear.
For Nazari, whose travels had enabled him to put distance between himself and his homeland, the 2019 protests made it apparent that Iran was no longer an option for him, no longer a place he wanted to call home. He was not a persona non grata. There was no letter. No summons. No official declaration. Nothing that could be quoted or appealed.
Instead, he had changed.
When the internet inside Iran is shut down, information can only escape through fragments: phone calls, short videos, people with rare access still intact. From abroad, Iranians like Nazari become intermediaries by default. He translated. Shared. Verified. Some of his posts were picked up by Persian-language television channels broadcasting from outside Iran, including BBC Persian and Iran International. Channels watched closely by the authorities.
Nazari did not think much of it at first. He was not an activist by profession. He did not belong to an organization. He was simply using his name, his language, his access. But others who had said less had been detained on arrival in Iran. Cartoonists. Writers. Ordinary social media users. Some disappeared into prison for years. Some emerged broken. Some did not emerge at all.
“You don’t need to be told,” Hemad says about knowing he couldn’t go back. “You understand.”
In early 2020, after Iranian forces shot down a Ukrainian passenger plane and initially denied responsibility, crowds returned to the streets. Once again, arrests followed. So did the silence.
Hemad Nazari’s activity increased again. His real name was public. His face was visible; he didn’t hide. It was a choice he made despite the risk not just to himself, but to his family. “If they can’t get to you,” he told me, “they get to the people around you.”
Since then, eight years have passed.
“It’s not that I chose not to go to Iran,” he says. “It’s that every time I tried, the door closed again.” He does not refer to it as exile. But, in a manner of speaking, he had been made stateless, effectively stopped from going home, from seeing his family, from resuming the life he knew.
Iranian protesters rally amid burning tires during a demonstration against an increase in gasoline prices, in the central city of Isfahan on November 16, 2019. AFP via Getty Images.
By late December 2025, daily life in Iran once again became untenable. Food prices surged, paychecks were worth less every day, and families thought only about short term survival, unable to think even a month ahead.
According to Nazari, official inflation figures — though already extremely high — failed to capture the reality on the ground. By February, he told me, the cost of basic goods rivaled those in Denmark. Wages, he said, stagnated “at around $110 or $120 a month, with many people earning much less than that.” The minimum wage, the official figures from Iran’s Supreme Labor Council show, increased by 45% and still only reached $110 per month.
“The protests were fuelled by the economy,” Hemad says. “When shopkeepers and traders joined, it was a sign that frustration had reached a boiling point. But people don’t just want better prices. They want freedom. They want new leadership.”
In Rasht, his hometown in northern Iran, even families with children took to the streets in protest. “In my city, a lot of mosques are gone,” he says. “They burned them down. That tells you something.” What struck Nazari most, though, was not only who was protesting, but what they were saying, what they appeared to want.
“For the first time, the main chant on the street was the name of the prince,” he told me. “The son of the former shah: Reza Pahlavi.” Nazari is quick to stress that he himself is “principally a believer in democracy.” But the chants were telling.
“For 40 years, only loyalists dared utter the name Pahlavi. Now it’s spoken openly across all layers of society,” It was not about restoring the past. Instead, suggests Nazari, “for the first time, we had a plan.” People, he says, “were asking, ‘what happens if the regime collapses?’ And for the first time, there was an answer.”
A person holds images of Reza Pahlavi during the demonstration supporting American-Israeli intervention in Iran, at Main Square in Krakow, Poland on March 8, 2026. Jakub Porzycki/NurPhoto via Getty Images.
In January, there was, as Nazari describes it, a rare sense of readiness among people he knew inside Iran. Friends who had never protested before were sending messages saying they would go. Family members spoke with a kind of cautious hope. This time, it felt different. It felt like change was possible.
Two days earlier, the son of the former shah had issued a public call for people to take to the streets on January 8 and 9 — not to follow a detailed program, but to say openly what they had long been afraid to say.
From Denmark, Nazari watched the buildup hour by hour. On January 8, as protests reached their peak, the internet went dark. The blackout was not unprecedented. Iran’s authorities had used these tactics before. Inevitably, as access disappeared, reports of mass arrests and the use of live ammunition to dispel crowds spread through the few remaining channels still connected to the outside world.
In Rasht, Nazari’s close friends sent him a video from their apartment window. Smoke drifted through the street. Shouting echoed between buildings. Gunfire cut through the noise.
Protest in Rasht. From the personal archive of Hemad Nazari.
During the blackout, Nazari continued to receive fragments of information — through people with Starlink terminals, through friends who still had limited access. By January 10, the informal network of activists and diaspora Iranians he was part of believed that at least 2,000 people had been killed.
Eventually, his mother managed to call him. “We’ve been trying to reach you,” she said. With international charges for calls piling up every second, they had been trying to call him for days. Since that brief call, contact has been sporadic. A snatched few minutes. And then silence again.
“People showed everything they had,” Nazari says of the protests. “They did what they could do.” He’s trying not to romanticize what happened in January, he tells me. He’s not saying, he insists, that the protests were heroic. “Iranians,” he says, “are just desperate.” As for Nazari, he tells me up until the U.S. and Israel attacked Iran, he was “constantly debating whether to go home.” Right now, he adds, “it could have severe consequences, potentially a death sentence.” But, he pauses, “if it comes to civil war, I will go. My life doesn’t matter.”
For years, Nazari believed — as many Iranians did — that pressure, negotiations, sanctions, or appeals to international institutions might eventually force the regime to change. Over time, that belief had eroded. By January, he says, “it was gone.” It’s why he supported the attacks on Iran by Israel and the U.S., the execution of Ayatollah Khamenei and key regime figures.
“I’ve been saying for years that they are not going to leave peacefully,” he says. “They will fight. If the choice is that many people die, including me and my family, but the country becomes free — and then in 10 years we are back as a people, it will be worth it.”
He stops himself.
“I don’t say this because I like death, I say it because I don’t see another way. There is no peaceful path left.”
Protest in Tehran. From the personal archive of Hemad Nazari
But the hope Nazari felt when Donald Trump said the United States would respond forcefully if Iranian authorities continued killing their own people, has also now died.
On February 28, when U.S. and Israeli strikes on Iranian leadership and critical infrastructure began, some diaspora Iranians gathered to celebrate what they saw as the fall of a regime figurehead they had opposed for decades. Others responded with shock, caution, or grief, warning of what might follow.
In Denmark, where roughly 25,000 people of Iranian origin live, that divide played out in public. In Aarhus, several hundred Iranian Danes gathered in the city center with flags, music and open calls for regime change. Some thanked the U.S. and Israel for the strikes. At the same time, a pro-regime memorial for Ayatollah Khamenei in Copenhagen drew around 200 participants.
Their response to U.S. actions were playing out in a country where the broad view of the U.S. as a friend and force for good in the world had shifted sharply. In Denmark, as war in Iran broke out, people were still thinking of Greenland and Trump’s threats to annex the territory. In a January 2026 poll, 60% of Danes said they now see the U.S. as an opponent rather than an ally, while just 17% still considered it an ally.
Among Iranians, inside Denmark as in the wider diaspora, this ambivalence towards the U.S. is all too familiar. In a recent article in the Dagbladet Information, Iranian-born activist Nahid Riazi warned against celebrating a war that seemed to have little to do with emancipation for Iranians.
“Who says that war brings freedom?” she wrote. “It is us who are being hit. It is our children who are being destroyed.”
Nezari says he has heard this argument. He does not dismiss it. But, he asks, “what is the alternative?” If the war stops, he says, “and the regime stays, how do you guarantee they won’t keep killing people like they have since 1979? How do you guarantee they won’t start the street executions again?”
Trump, despite the failure of the first 21 hours of peace talks in Pakistan, continues to say the war is “very close to over,” that the Iranian government wants to make a deal. A deal, presumably, that enables them to stay in power.
The Islamic Republic may have been dealt a devastating blow, but it remains intact. Its leadership structure has shifted but not collapsed. To Nazari, that does not show resilience so much as the nature of the system itself.
He rejects the idea that the Islamic Republic functions like a government in any conventional sense. It behaves, he says, more like a cartel or an armed network — something held together not by institutions, but by force and succession. Too many powerful men remain alive, still able to operate. And a system like this, he argues, does not surrender because its center has been hit. It keeps going until every center is removed.
“Not until all the heads are cut off,” he says.
But U.S. attempts to bully the world into joining a war where the goals remain so varied and nebulous have been unsuccessful. The popularity of the war inside the U.S., even among Trump supporters, is low. The uncomfortable question now is what comes next — and whether anything has truly changed.
Still, Nazari argues that the current state of purgatory, in which the war is neither ongoing nor over, is not evidence of failure, but of what was always going to happen.
“We were not living in Iran,” he says. “We were living in a military compound with cities in between.” Even if negotiations resume, he believes something irreversible has already happened. The fact that the regime’s leaders now have to hide underground means, to him, that there is no real return to the old order.
“There’s no going back to how it was,” he says. But for now, Nazari is still in Denmark. His family is still in Iran. He still holds his phone close, hoping for news. Any news. Like Iranian exiles everywhere, and like the war itself, he is trapped in stasis, caught between distance and a sense of responsibility to his homeland — deeply involved, fundamentally powerless, yet unable to look away.
The Age of Exile
This story is part of our Age of Exile series, which explores how displacement has evolved from historical punishment into a defining condition of our time—one that reveals profound transformations in how we construct identity, maintain community, and exercise power across borders. In an era where digital connection enables presence without physical proximity, exile has become more complex, more global, and more central to understanding our world. Explore The Age of Exile series
As the Iran war pushes oil prices over $100 a barrel, and ships are attacked and mines are being laid in the Strait of Hormuz, a taboo has been broken and nuclear energy is back in fashion. European Commission president Ursula von der Leyen acknowledged that “the current Middle East crisis is a stark reminder” that it was “a strategic mistake for Europe to turn its back on” nuclear energy.
She was speaking at an International Atomic Agency summit hosted by France. Just days before the summit, French president Emanuel Macron spoke — a nuclear submarine looming behind him — of the need to increase the country’s stockpile of nuclear warheads for the first time in several decades. “In this dangerous and uncertain world,” Macron said, “you have to be feared if you want to be free.”
In February, the ‘New START treaty’, a mutual agreement between Russia and the U.S. to reduce and limit their nuclear arsenal, officially expired. The U.S. said China had conducted secret tests and that Beijing had to be part of any future non-proliferation agreement. For its part, the Chinese accused the U.S. government of seeking to mask its own expansionist ambitions. In the wake of the Iran war, started apparently because the Iranian regime was just days away from securing a bomb, other countries have spoken openly of their nuclear ambitions. After the start of the Iran war, North Korean leader Kim Jong Un spoke pointedly about preparing a nuclear-ready navy while inspecting a new destroyer and observing the testing of nuclear-capable cruise missiles. Even Polish prime minister Donald Tusk said Poland “will not want to be passive when it comes to nuclear security in a military context.”
On X, Tusk posted that Poland is in talks with France about joining its nuclear deterrence program. “We are arming together with our friends,” he wrote, “so that our enemies will never dare to attack us.” France is the only nuclear-capable European country, its systems (unlike the UK’s) completely independent of the U.S. and its new deterrence framework will include collaborations with Germany, Poland, Greece, Sweden, Denmark, the Netherlands and Belgium. Macron is calling France’s new strategy “advance deterrence,” a willingness to spread French nuclear armaments across the continent. A senior Pentagon official said the U.S. would “obviously at a minimum strenuously oppose” European countries seeking to acquire nuclear weapons. The U.S., as part of a NATO agreement, already deploys over 100 nuclear weapons in Europe — in Germany, Belgium, Italy, the Netherlands, and Turkey.
Europe’s anti-nuclear tradition grew out of grassroots movements in the 1970s. In West Germany, protests against a planned nuclear plant in the small wine-growing town of Wyhl began when local farmers feared pollution would destroy their land and crops. By the 1980s, millions of Europeans were protesting nuclear weapons and the deployment of NATO missiles across the continent, bringing nuclear security debates into the public arena and pushing governments toward disarmament efforts. The political impact of those protests were long-lasting. Across Europe, nuclear energy programs were curtailed or abandoned entirely. Denmark banned nuclear power plants in 1985, Germany shut down its last nuclear reactors in 2023, and several countries imposed strict limits on nuclear development. Nuclear technology, whether for energy or weapons, remained politically toxic in much of Europe. But, as Denmark’s Mette Frederiksen said European deterrence “is necessary because the military threat from Russia is expected to increase,” and its reliance on U.S. military support can arguably no longer be taken for granted.
At the Paris summit, China, Brazil, Belgium and Italy all signed up to a pledge to triple global nuclear capacity by 2050. South Africa signed the pledge earlier this month. The war in Iran has once again made clear that the world must wean itself off fossil fuels. The U.S. — which imposed additional tariffs on India for buying Russian oil and thus helping to finance the continuation of the war in Ukraine — has, since the start of the attack on Iran, told India it can continue to buy Russian oil. Delhi promptly bought 30 million barrels of Russian crude oil. But this month India also signed a deal with Canada to receive uranium to expand its nuclear energy program. But in 1974, Canada provided India with nuclear technology for peaceful uses that were promptly put towards the building of nuclear weapons. Nuclear collaborations between the two countries were suspended for decades. It’s not a coincidence that those ties are once again being revived in the current geopolitical context. A growing clamor for nuclear energy has clear proliferation risks.
While France has been talking about greater nuclear deterrence, most European states are speaking about a revival of nuclear energy as an alternative to fossil fuels and as a means to achieve climate goals. The vast energy requirements of AI and data centres is also prompting nations to adopt an “atoms for algorithms” strategy, to be, as Macron said, “at the heart of the artificial intelligence challenge.” But to talk about energy alone is to ignore the appeal nuclear deterrence has for nation states trying to navigate dangerous geopolitical straits. Iran was attacked ostensibly because it was on the verge of having a bomb. Favored nations such as Saudi Arabia are able to sign nuclear pacts that remove non-proliferation guardrails, but the actions of the U.S. and Israel in Iran will make the bomb attractive to many more as a national security strategy.
A version of this story was published in this week’s Coda Currents newsletter. Sign up here.
Between them, the United States and Israel struck more than 2,000 targets within the first 24 hours of their war with Iran.
For even the largest militaries, it is an almost impossible task to identify, select and then precisely locate such a high volume of targets. But the U.S. military had some help. Claude, the “next generation AI assistant” built by Anthropic, was used in the planning of ‘Operation Epic Fury’. This, even though the Department of War recently labeled Anthropic a “supply chain risk”.
Anthropic is one of the world’s leading AI companies. Together with Palantir, another Big Tech company, it has been working since 2024 with the Pentagon to embed its systems in military decision-making – creating what is arguably the operating platform of present-day U.S. warfare and intelligence. Even though secretary of defense Pete Hegseth said the company “delivered a master class in arrogance and betrayal” and that the government would “cease all use of Anthropic's technology,” the company is too integrated into modern U.S. warfare for it not to be essential to the U.S. attack on Iran. The question might be not whether companies like Anthropic can ringfence their tech but whether the Pentagon might just commandeer it.
Craig Jones, an academic who studies automated kill chains at the University of Newcastle, has told reporters that “the AI machine is making recommendations for what to target, which is actually much quicker in some ways than the speed of thought.” Similar AI systems have been used by Israel to coordinate its bombing campaign in Gaza, which is among the most destructive in human history.
Among the first hits in the United States and Israel’s aerial bombardment of Iran was the Shajarah Tayyebeh primary school for girls, in the southern town of Minab. It was a Saturday morning, and school was in session. According to Iranian state media, at least 165 people were killed, mostly young girls between the ages of seven and 12. Another 96 were severely injured. Eyewitness and open source intelligence reports corroborate the claims of mass civilian casualties. Both Iran and Israel have denied responsibility. The United States has said it is “looking into” allegations that the school was destroyed by one of its missiles. Maybe, given the volume of the bombardment, they’ve lost track.
It is too soon to know why the school was targeted – or whether it was an error. Either way, the U.S. military’s reliance on AI raises difficult questions.
AIs get things wrong all the time. Maybe it’s an extra finger in an AI-generated image, or a ‘hallucinated’ reference in a research report. Or, maybe, an algorithm sends a missile to the wrong address. That’s why Anthropic CEO Dario Amodei has said that weapons “that take humans out of the loop entirely and automate selecting and engaging targets” are simply not reliable enough. That position — along with Anthropic’s refusal to allow Claude to be used for mass domestic surveillance (although they are just fine with foreignsurveillance) — led to the Pentagon cancelling a $200-million contract with the company on Friday, the day before the attacks on Iran began. The Department of War immediately signed a new deal, minus any ethical guardrails, with OpenAI.
Anthropic’s confrontation with the Pentagon has burnished its reputation as an “ethical” AI company. But it may have found its ethical backbone too late. Critics argue that even within Anthropic’s “red lines”, there is enormous potential for abuse, while a “human in the loop” does not necessarily prevent mistakes — raising questions about who, exactly, is responsible when these mistakes result in fatalities. Francesca Albanese, the United Nations special rapporteur for Palestine, accused Amazon, Google and Microsoft in a 2025 of being “complicit in genocide” for providing cloud storage systems to the Israeli military. Anthropic’s integration into the U.S. military has been much deeper.
While Israel and the U.S. are waging an AI-powered war, Iran is responding with a technological revolution of its own. The Islamic Republic has pioneered the production of low-cost one-way attack drones, most notably the Shahed-136, which costs just $34,000 to produce and as much as $4 million to shoot down. These are battle-tested: Russia has launched an estimated 57,000 Shahed-type drones in its war against Ukraine. Despite U.S. reliance on its own high-tech AI-powered systems, an American version of the Shahed also made its debut, alongside Claude, in the attack on Iran.
In response, Iran has aimed more than 1000 drones at neighboring Gulf states since the war broke out on Saturday. Hundreds have been shot down, but even the most sophisticated air defences struggle with this sheer volume, and dozens have struck their targets, threatening to prolong this war and cause more damage to U.S. allies than anticipated. It is significant that these targets included at least three Amazon data centers in Dubai and Bahrain. Just last month, Amazon announced that it was making Anthropic’s Claude available to its Middle Eastern customers. Claude experienced two global outages this week — it is not clear if these were related to the data center attacks.
Tech evangelists promise that artificial intelligence will, one day, cure cancer, end poverty and greatly increase our quality of life. But the new technology’s most obvious impact has been on warfare. For those with access to them, AI systems like Claude make it dramatically easier to bomb hundreds of targets at the same time — and much harder to figure out who is accountable when something goes wrong. On Truth Social, Donald Trump — who has promised to stop wars, not start them — posted approvingly that technology and munitions now mean Wars “can be fought ‘forever,’ and very successfully.”
As the bombing of Iran continues, we are not far from a time when AI not only parses data to select targets, it actually chooses when to pull the trigger. And advanced AI models have far fewer qualms, for instance, about deploying nuclear weapons than humans faced with similar scenarios. One day, when — if — war crimes investigators are able to pin down exactly who is responsible for killing dozens of young girls in Minab, tech bosses may find themselves implicated alongside military and political leaders. “The AI did it” can’t be their defense.
A version of this story was published in this week’s Coda Currents newsletter. Sign up here.
That Iran's Supreme Leader, Ayatollah Ali Khamenei, should disappear, or be disappeared, from the scene was not a novel notion.
Throughout my nearly five years in Tehran at the turn of this century, speculation about his health and longevity was a near-constant background hum. He was reported, or rumoured, to be mortally stricken by prostate cancer, his constitution already weakened by an assassination attempt in 1981 that left his right arm largely useless. Who would succeed him was far from clear, and the object of further speculation.
As he lived on into more recent times, reaching the same age of 86 attained by his predecessor – the Islamic Republic's founding father Ayatollah Ruhollah Khomeini – the prospect of his demise became a more immediate issue, though the question of succession remained equally shrouded in uncertainty. As Supreme Leader, Ayatollah Khamenei was the commanding voice behind the ruthless crackdown that took the lives of tens of thousands of citizens early this year in the latest and greatest of many escalating protests, at which the slogan "Marg Bar Diktator!" — Death to the Dictator! — became an increasingly prominent slogan.
Their wish was confirmed to be true at 5 a.m. local time on Sunday morning by Iranian broadcasters. The previous morning, Khamenei’s compound in Tehran was demolished as the Israeli-American onslaught got under way while the Ayatollah was heading a meeting of the Defence Council. That ensured that top military figures were also killed, including the commander of the Revolutionary Guards, Mohammad Pakpour, the Army Chief of Staff Abdolrahim Musavi, and Khamenei's top military adviser, Ali Shamkhani, who had been wounded but survived the attack in June last year.
The Iranian leadership appears to have been caught by surprise, as it was last year when the opening Israeli strike, which culled many top military leaders as well as nuclear scientists, was launched between two rounds of indirect negotiations between Iran and the U.S. Oman, which was mediating the talks, was furious then, denouncing Israel as the real destabilising factor in the region.
Perhaps the Iranian leaders — and the Omani mediators — thought that such a dirty trick could only be pulled once. But it has happened again, with no evidence that the talks in Geneva had broken down. The chief Omani negotiator, Badr Albusaidi, was livid. Only hours before the strike, he was in Washington for meetings “to explain that a peace agreement between the U.S. and Iran is now within reach. No nuclear weapons. Not ever. Zero stockpiling. Comprehensive verification. Peacefully and permanently. Let’s support the negotiators in closing the deal.”
After learning of the attack, he expressed his outrage in another tweet: “I am dismayed. Active and serious negotiations have yet again been undermined. Neither the interests of the United States nor the cause of global peace are well served by this. And I pray for the innocents who will suffer. I urge the United States not to get sucked in further. This is not your war.”
But Donald Trump and the U.S. were already thoroughly sucked in, and it was indeed their war, or at least his. According to the Israelis, the date had been decided jointly weeks before, after months of planning. Which meant that the Geneva negotiations, focused on the nuclear issue, were simply deceptive camouflage designed to give time for the U.S. to complete the marshalling of its biggest naval and air buildup in the region since the 2003 invasion of Iraq.
Trump and the Israeli prime minister Benjamin Netanyahu soon made it clear that the campaign now had little to do with the niceties of Iran's nuclear programme: the agenda was regime change in Tehran, and a surprise attack to decapitate the regime was an essential element.
With Iran's air defences largely taken out in last year's 12 days of war, it was like shooting fish in a barrel. Hundreds of air, missile and drone strikes were carried out on missile launchers, military bases and other targets around the country, with inevitable "collateral damage", including a girl's primary school in the southern town of Minab where scores of children were reported killed.
People gathered in Tehran's Revolution Square to mourn the assassination of Iran's Supreme Leader Ayatollah Ali Khamenei on March 1, 2026.
The Iranians did their best to live up to their dire warnings of deadly reprisals against Israel, and against American bases and allies on the Arab side of the Gulf and elsewhere. Missiles hailed down on airports and other installations in Kuwait, Bahrain, the UAE, Saudi Arabia and even Oman, despite its active mediation. While some U.S. bases may have been hit, so too were many civilian sites such as Dubai's iconic Burj al Arab hotel. Explosions too are being heard in Beirut, after Hezbollah fired rockets and drones at northern Israel to "avenge" Khamenei's death and the Israel Defense Forces struck back.
Air traffic was halted throughout a region rich in international hubs, sowing chaos worldwide. Iran's declaration that the strategic Strait of Hormuz was closed to shipping forced cargo shippers to suspend the voyages that transport some 20% of the world's oil and a lot of liquid gas, causing tremors through international markets. Once again, a decision taken by a tiny circle of men in Washington, Jerusalem and Tehran instantly rewired daily life, reminding us who actually gets to pull the global emergency brake.
What all this would do to Iran's relations with the Arab side of the Gulf was one of many open questions. While Oman was actively mediating, the other Arab oil states had been pressing the Americans not to allow a campaign that would predictably destabilise the region, and declaring their airspace not available for any hostilities. But any sympathy for Tehran quickly evaporated when the missiles started flying in: the Gulf Arab states closed ranks.
Trump and the Israelis made it clear that this was not one quick spectacular strike, but an ongoing campaign that would last days, perhaps even weeks. Presumably at the end, Iran would find its missile capabilities "obliterated," in Trump's favourite term, along with any nuclear activities.
Once the bombs stop falling, Trump and Netanyahu urged, the Iranians should come out of their basements and take over a government that would be theirs for the taking. A historic opportunity that would likely not recur for generations, Iranians were told.
But it is hard to imagine such regime change being wrought remotely from the skies. The regime lost little time in filling the leadership vacuum, setting up a three-man ruling council in line with the constitution, composed of the President, Masood Pezeshkian, the head of the Judiciary, Gholamhossein Mohseni-Ejei, and Ayatollah Alireza Arafi from the Council of Guardians. All regime loyalists, and the latter two noted hard-liners. So business as usual as far as they are concerned. But the fact is that the assassination of the Supreme Leader and the attendant bludgeoning of the regime's capabilities will inevitably usher in a new and unpredictable phase in Iran's turbulent history.
On the streets, reactions were fractured: jubilation in areas that had long chanted “Death to the dictator”, state-promote mourning in others, but also fear and a grim resignation, an understanding that power vacuums are often filled with fresh repression or civil war.
A smooth transition to a peaceful democracy is about the least likely scenario among the many possibilities. So too is an imminent return of the monarchy, with a comeback by Israeli-backed Reza Pahlavi, son of the Shah ousted by the 1979 revolution. So far there has been no sign visible to the outside world of a split in the ranks of the defenses built up by the Islamic Republic, which still has regular military forces numbering around 400,000, Revolutionary Guards of up to 190,000, and its auxiliary militia enforcers, the Basij, who may be able to mobilise around a million at street level.
There must be much anger among regime loyalists, which may fall on the heads of any opposition protestors who imagine they can move in and take over the reins of government from the bombed-out wreckage of the Islamic Republic. The U.S. military is not likely to be able to remain engaged in the detail of defanging the regime once the main thrust of the campaign is done. But Israel likely will. Its equivalent of the CIA, the Mossad, has spent years building up formidable intelligence at street level, and will be doing its utmost to continue hamstringing the regime from within and fomenting opposition.Among the many unanswerable questions is whether all this will lead simply to chaos and fragmentation, which is probably Israel's preferred outcome, or to a more compliant regime willing to compromise with the U.S. in order to get crippling economic sanctions lifted. As Trump concedes the war might last weeks, who knows what Iran will eventually emerge from the smoke and the rubble?
Will he or won't he? The Middle East is on tenterhooks as the U.S. continues to build up a massive and menacing military posture around Iran, threatening an attack that could trigger a conflagration whose tremors would be felt throughout the region.
If anybody hoped that the man on whose word it all hangs, President Donald Trump, might clarify his intentions in his State of the Union address on Tuesday night, they were disappointed.
Speaking 36 hours before a third round of indirect and ultimately inconclusive talks with the Iranians in Geneva on Thursday, he said, "My preference is to stop this problem through diplomacy but one thing is for certain, I will never allow the world's number one sponsor of terror, which they are by far, to have a nuclear weapon...they want to make a deal, but we haven't heard those secret (sic) words, 'We will never have a nuclear weapon.’”
In the run-up to the Geneva talks, led on the U.S. side by real estate moguls Steve Witkoff and Trump son-in-law Jared Kushner, Iranian officials voiced optimism that a deal could be struck and insisted they would be flexible on the nuclear issue. Various formulas were being bandied around, such as Iran sending abroad half of its estimated 300kg of highly enriched uranium and diluting the rest under supervision, participating in a regional consortium for peaceful enrichment and so on.
In theory, for Iran to say "We will never have a nuclear weapon" should not be an issue — it has said all along that it is not pursuing that goal, which is banned by a fatwa. Iranian foreign minister Abbas Araghchi posted on X this week that Tehran “will under no circumstances ever develop a nuclear weapon.” Which begs the question as to why it has enriched uranium to 60% — short of weapons grade but well beyond the levels needed for peaceful civilian purposes.
Witkoff and Kushner will be vigilant for signs of Iranian duplicity and foot-dragging. But with another set of talks ending with no deal apart from promises of more talks, both sides might simply be playing for time, Iran to delay the feared blow, and the U.S. to finish assembling the assault force, its biggest mobilization of naval and air power in the region since the 2003 invasion of Iraq.
There is strong apprehension in the region that the huge and costly U.S. buildup must mean business. American bombs and missiles would hit Iran. The Iranians would make good on their threat to make it a regional war, not a symbolic retaliation as happened in the 12-day war in June last year after American bunker-buster bombs hit Iran's nuclear facilities in Isfahan, Natanz and Fordow. This time Iranian missiles would target U.S. military assets, bases on the Arab side of the Gulf and elsewhere, and perhaps oil installations. And Israel. The Israelis would hit back hard. Hezbollah in Lebanon would do its best to join in, prompting a further massive Israeli response.
There were ominous straws in the wind. The U.S. withdrew non-essential personnel from bases in the Gulf, and from its embassy in Beirut. The Israelis reportedly warned Lebanon that if Hezbollah joined in, they would hit back at government targets, including Beirut airport, which were unscathed throughout the earlier hostilities. They stepped up their daily attacks on suspected Hezbollah targets, including a big missile attack on February 20 on the eastern Beqaa valley which left 12 dead, including eight Hezbollahis. Since the November 2024 ceasefire, Hezbollah has not fired so much as a peashooter at Israel while well over 400 of their people have been killed in Israeli attacks on Lebanon.
Does all this mean the doomsday scenario is inexorable? Are the Americans set on a clear game plan, with identified objectives and the means to attain them?
Apparently not. Trump is reportedly receiving divided counsel from his advisers, military and political, some more hawkish and others more cautious than others. Above all, he has an eye on the looming mid-term elections in November. He was elected on a platform of ending the "forever" wars in the Middle East, yet could be on the brink of starting another one, which would not go down well with part of his MAGA base or the public in general.
The signs are that he was hoping the swashbuckling display of power would intimidate the Iranians into buckling. Witkoff admitted Trump was puzzled that Iran had not capitulated. “Why, under this pressure, with the amount of sea power and naval power over there, why haven’t they come to us and said, ‘We profess we don’t want a weapon, so here’s what we’re prepared to do?’ And, yet, it’s sort of hard to get them to that place,” he told Fox News. Iran's Foreign Minister Abbas Araqchi explained: "It's because we're Iranian."
Trump's adrenalin was clearly set pumping by the adventure in Venezuela, where a similar military buildup culminated in the operation to abduct President Nicolas Maduro. But Iran is not Venezuela. It is a highly militarized regime which has spent 47 years preparing its internal and external defences, and which has different power bases that make it hard simply to decapitate. There is no magic bullet that might not set the region on fire.
Taking out the Supreme Leader, Ayatollah Ali Khamene'i (who is also a religious leader, and this is Ramadan) would not be likely to bring about a change in regime behavior as in Venezuela. Bringing the regime down altogether would require a prolonged and detailed campaign that the U.S. military machine might not be able to sustain.
That's where Israel comes in. Some White House advisers reportedly believe it would play better politically for Israel to strike first rather than the U.S., and thus force Iran to retaliate. Like Trump, Israel’s Prime Minister Benjamin Netanyahu is a man with an eye on impending elections (October at the latest) is Prime Minister Benjamin Netanyahu, who makes no secret of his ambition to see the Iranian regime brought down. Netanyahu — backed by almost the entire Israeli political spectrum — is clearly champing at the bit, but aware of the danger of being seen to drag the U.S. into a potentially messy embroilment. One reason perhaps for the unusually discreet nature of Netanyahu's sixth visit to the White House on February 11 — in through the back door, no lovefest press appearances.
Which may also actually have been a sign that the two allies might not be on the same strategic page. Plunging Iran into fragmentation and chaos would absolutely fit Israel's playbook, but not necessarily America's. The two are working at cross-purposes in Syria, where the Israelis are pushing against a strong central government which the U.S. is supporting, even against its erstwhile Kurdish allies in the north-east.
If there are two constants in the current equation, they are that the Iranian people’s disillusionment and rage against the regime will not go away, and neither will Israel's desire to overthrow it. But if Trump does not share that goal, he will have to find a face-saving way to wriggle off the hook he has created with his ostentatious military buildup.
A version of this story was published in this week’s Coda Currents newsletter.Sign up here.
Russian Foreign Minister Sergey Lavrov reiterated Moscow's offer to mediate disputes over Iran’s nuclear program, during a meeting with his Iranian counterpart at the BRICS summit in Rio de Janeiro, Reuters reported on July 6.
Lavrov met with Iranian Deputy Foreign Minister Abbas Araqchi to discuss the situation, condemning recent Israeli and U.S. strikes on Iran, including attacks on nuclear sites under IAEA safeguards.
Moscow reaffirmed its support for Iran’s right to nuclear energy, and also offered to store Iranian uranium as part of a potential solution.
Although Iran officially denies intentions to pursue nuclear weapons, tensions with the U.S. and Israel remain high following the Iran-Israel conflict in June, which has currently settled into an uncertain ceasefire.
Ukraine’s Foreign Ministry said on June 22 that Iran’s nuclear program must be dismantled to prevent it from threatening the Middle East or the wider world, following U.S. air strikes on Iranian nuclear facilities.
“Iran is complicit in the crime of aggression against Ukraine. The Iranian regime is providing military assistance to Russia, including the supply of UAVs and technologies that Russia consistently uses to kill people and destroy critical infrastructure,” the statement read.
Russia and Iran have deepened ties since the start of the full-scale invasion. Notably, Iran has provided Russia with thousands of Shahed drones used in attacks against Ukrainian cities, as well as short-range ballistic missiles.
Iran is reportedly preparing to mine the Strait of Hormuz, a move that would spike global oil prices and give a significant boost to the Russian economy and its war machine in Ukraine.
Reuters reported on July 1 that Iran loaded naval mines onto vessels in the Persian Gulf last month, citing two U.S. officials, who said the preparations had been detected after Israel launched its "preemptive" attack against Iran on June 13.
Amid the conflict with Israel which has currently settled into an uneasy ceasefire, Iran has repeatedly threatened to block the Strait of Hormuz as a means of deterrence.
If the Strait were mined, Iran could block one-fifth of global oil demand and spike world energy prices — a boon for Russia's oil-dependent economy.
"Any disruption to Gulf supplies would push up global crude prices. Prices for Russian crude would rise in line," John Gawthrop, Argus Eurasia Energy editor, told the Kyiv Independent.
Russia’s energy sector made up 35-40% of its budget revenues pre-full-scale invasion and is powering its war machine.
Western sanctions on Russian energy and the G7’s Russian oil price cap of $60 per barrel have hampered its profits, with Russia losing more than $150 billion over the last three years, but have yet to deal a crippling blow.
The conflict between Israel and Iran caused a spike in prices — Brent crude, the global benchmark, on June 13 jumped from $69.36 to $75 per barrel, a surge that looked like it could grant Russia's economy a reprieve.
Until the Israeli attacks, the future for Russian crude wasn’t looking so bright. Europe was planning its 18th sanctions package targeting Russia's energy sector, and the G7 was pushing for a $45 price cap. Hungary and Slovakia have since blocked the sanctions package.
Prices have since settled along with the conflict and on July 2 Brent crude was $67.50, but if Iran does go ahead with mining the Strait of Hormuz, blocking one-fifth of global oil demand, another surge would follow.
This would also mean Iran blocks its own oil exports too, so it would only be a last resort from Tehran, David Fyfe, chief economist at Argus Media, a market analyst group, told the Kyiv Independent last month.
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