Rubio says US will intensify economic pressure on Iran

US Secretary of State Marco Rubio said Tuesday that economic pressure on Iran will intensify in coming months, warning the country's oil revenues will dry up as sanctions compound. He spoke at the G7 Foreign Ministers Meeting in Paris. Rubio said Iran's remaining oil revenue will diminish once limited oil bypassing restrictions during a brief ceasefire is exhausted. He added the Treasury Department and intelligence agencies are closing avenues Iran uses to circumvent sanctions, blaming Tehran's leadership for the worsening situation. Rubio said Washington remains open to a diplomatic deal but called Iran's conditions absurd. Meanwhile, Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned adversaries against miscalculations, asserting Iran would respond rapidly to any military threat after unveiling a new missile city.