President Donald Trump is warning of tougher economic sanctions on Iran as pressure builds over the Strait of Hormuz. Trump says the U.S. could target more parts of Iran’s economy. “We have things that we could sanction. We have very draconian sanctions, and we’ll see what happens.” Trump feels oil prices could fall sharply if the conflict eases. “It’ll either be extremely good and oil prices are gonna drop like a rock, or we’ll continue to do exactly what we’re doing.” The White House has not released full details of the potential new sanctions.
