Iran says US economic pressure will 'achieve nothing' in Strait of Hormuz talks with Oman

Iranian President Masoud Pezeshkian said Wednesday that new US economic sanctions will "achieve nothing" as Iran's deputy foreign minister said Tuesday that a deal with Oman would bar all military vessels from the Strait of Hormuz, with Tehran's deputy foreign minister saying the agreement would bar all military vessels from the strait. Iran's deputy foreign minister said Tuesday that a deal with Oman would bar all military vessels from the Strait of Hormuz, escalating Tehran's demands and drawing US opposition. Washington has threatened to bomb Oman if it "gets in the way," while Iran has controlled the strait since the war began on 28 February. The US Treasury has laid out plans for "economic asphyxiation" of Iran, warning of consequences for countries that do not join the campaign. Negotiations between Iran and the US have stalled over control of the strait, which normally carries around a fifth of the world's oil and LNG exports.