US Treasury Department is intensifying the expansion of the economic wrath campaign against Iran to beyond traditional sanctions, Al Jazeera reports citing Trump admin official

The intensification of the economic campaign against Iran signals a potential escalation in geopolitical tensions, which could impact global markets. Traders should closely monitor the implications for energy prices, particularly oil, and safe-haven assets as the situation unfolds. This could also affect currency pairs, especially those involving the USD, JPY, and EUR, as market participants react to perceived risks.