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Tehran calls sanctions “useless” as Bolton meets Russian and Israeli counterparts to address rising tensions in the region

Oil, Defense and Sanctions: Why the Strait of Hormuz Is So Volatile

Oil, Defense and Sanctions: Why the Strait of Hormuz Is So Volatile
As tensions between the U.S. and Iran rise, a series of incidents has put a strategic maritime waterway back into the spotlight: The Strait of Hormuz. WSJ’s John Simons explains. Photo: Getty Images

Iran said Tuesday new U.S. sanctions on its supreme leader closed the door on diplomacy and threatened global stability, as American officials renewed efforts to build a global alliance against Tehran.

President Trump on Monday signed an executive order designating Iran’s Supreme Leader Ayatollah Ali Khamenei in a new round of sanctions aimed at top Iranian leaders, including Mr. Khamenei’s office and associates. Treasury Secretary Steven Mnuchin said the U.S. would later this week sanction Iranian Foreign Minister Javad Zarif…

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