US Targets Iran with New Sanctions and 'Economic Fury'

Bloomberg's Tyler Kendall reports on the U.S. escalation of economic pressure on Iran, including possible targeting of Chinese purchases of Iranian crude and ongoing naval enforcement after tanker attacks. He also details new Section 232 tariffs on imported drones aimed at China and supporting the U.S. defense industrial base, including a reported $400 million Army counter-drone laser purchase from AeroVironment. - U.S. prepares new Iran sanctions described as a one-two punch to force negotiations. - Bloomberg Economics sees possible targeting of Chinese purchases of Iranian crude. - Two UAE state-owned tankers were hit while transiting the Strait of Hormuz. - Section 232 tariffs set up to 100% on larger Chinese drones, 25% on smaller, and lower rates for allies. - Tariffs and contracts aim to bolster the U.S. domestic defense industrial base. - U.S. Army is reported to buy at least $400 million in counter-drone lasers from AeroVironment.