Middle East crisis live: Iran says it needs guarantees against attacks before Gulf can be stable

Iran's UN envoy has stated that the nation requires assurances against attacks for the Persian Gulf to achieve stability. He emphasized that full respect for Iran's rights is also crucial for enduring regional peace. Meanwhile, a US Treasury official suggested that American sanctions are significantly impacting Iran's oil production, potentially leading to future gasoline shortages within the country. This official claimed that Iran's oil industry is beginning to halt production due to the blockade of the Strait of Hormuz, a vital waterway for global energy transport.

This situation is significant as it highlights escalating tensions in a critical global energy chokepoint, potentially impacting international oil prices and regional security.