According to CoinMeta, the oil market is preparing to face new U.S. sanctions against Iran, with shipping activities in the Strait of Hormuz at a standstill and Brent crude oil prices approaching $95 per barrel. The United States has pledged to impose the harshest sanctions on Iran and countries that continue to trade with it. Brent crude oil closed at $94.39 per barrel on Friday, showing six consecutive days of increases. Shipping traffic through the Strait of Hormuz has almost come to a halt, and new sanctions are expected to be announced on Monday. U.S. Treasury Secretary Scott Bessent is ready to unveil a new sanctions package on Monday, while Trump has warned that economic consequences will be imposed on countries that support Iran. Iranian officials have rejected these planned restrictions and warned that they will respond to additional pressure from the United States. Although direct conflict has paused, Iran still has the capability to disrupt commercial shipping and energy infrastructure in the region. The scope of the sanctions will determine whether Washington will target only Iranian entities or impose secondary sanctions on companies, banks, and governments that continue to do business with Tehran.