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Global Business News

The Economic Times

Global Business / The Economic Times

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EU to widen Iran sanctions over Hormuz blockade

The European Union plans to broaden its Iran sanctions. New measures will target individuals and groups responsible for blocking the Strait of Hormuz. This move comes after nearly two months of disruption to global energy and commodity markets. The European External Action Service will prepare the new listings. This follows previous EU actions against Iran's Revolutionary Guards and officials.

21 Apr 2026 9:37 am