Iran is already in a ‘very dangerous’ economic position as US prepares major new sanctions

President Donald Trump is threatening to impose “major” new sanctions against Iran on Monday, ramping up the pressure on the Islamic Republic at a time when its economy is straining under the weight of financial restrictions.

Six oil tankers and a U.S. spy drone have been attacked since May either in or near the Strait of Hormuz — the world’s busiest transit lane for seaborne oil shipments that separates Iran from its neighboring Gulf states.