The screws tighten

LONDON (Reuters) – Iranian crude oil exports have fallen in May to 500,000 barrels per day (bpd) or lower, tanker data showed and industry sources said, after the United States tightened the screws on Tehran’s main source of income, deepening global supply losses.

Reuters

Meanwhile …

DUBAI (Reuters) – Iran said on Friday it could “easily” hit U.S. warships in the Gulf, the latest in days of saber rattling between Washington and Tehran, while its top diplomat worked to counter U.S. sanctions and salvage a nuclear deal denounced by President Donald Trump.

Reuters