Iran has rejected the latest U.S. sanctions threat, labeling it an act of desperation. Iranian Foreign Ministry spokesman Esmaeil Baghaei criticized the United States for attempting to exert what he called extraterritorial sovereignty. Washington is targeting Iran’s oil, shipping, and financial sectors. Markets have slightly adjusted the odds of President Masoud Pezeshkian’s departure, declining from 14% to 13.5% by year-end.
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