'Iran is in for the long haul' with oil tanker hijacks, expert says, as U.S. considers more sanctions


by CNBC

CNBC— China's need for Iranian oil rules out Strait of Hormuz closure, but sowing 'chaos' as a strategy and sanctions threats will lead Iran to hold hijacked tankers.

CNBC—Oil prices hold firm as U.S. weighs added sanctions on Iran oil exports after attack on Israel. U.S. officials told NBC News that they expect an Israeli response to Iran's attack to be limited in scope.

Global News—Iran’s attack on Israel prompts U.S., U.K. sanctions. Treasury's Office of Foreign Assets Control targeted 16 people and two entities in Iran that produce engines that power the drones used in the April 13 attack on Israel.

Global News—Canada, U.S., U.K. lay additional sanctions on Iran over attack on Israel. Canada announced it was sanctioning Iran's defence minister and top military command organizations while the U.S. and U.K. said they are targeting Iran's drone industry.