Max Pressure: U.S. Prepares For Extended Hormuz Blockade As Treasury Warns Sanction Risks Linked To China's "Teapot" Refineries

Max Pressure: U.S. Prepares For Extended Hormuz Blockade As Treasury Warns Sanction Risks Linked To China's "Teapot" Refineries The U.S. is intensifying pressure on Iran and China across two fronts. First, on the military side, The Wall Street Journal reported that President Trump told top aides to prepare for an extended U.S. naval blockade of the Strait of Hormuz, a move that would strangle Tehran's oil revenue. Second, on the economic side, the Treasury Department's Office of Foreign Assets Control is warning financial institutions about sanctions exposure related to Chinese independent "teapot"...