Iran-US tensions over Hormuz Strait

Foreign Minister Abbas Araghchi called the new sanctions a sign of desperation, saying Washington must speak to Tehran respectfully.

Iran's president publicly embraced a U.S. memorandum as the best path out of a war that has already entered its seventh month.

Meanwhile, Iranian officials announced major new gas discoveries, even as the U.S. blockade chokes energy exports and traffic through the Hormuz strait nearly stops.

The military has diverted 70 vessels since the blockade resumed, raising pressure on global energy markets.