World News Today Live Updates: Oil falls 1% ahead of US announcement to impose further sanctions on Iran

Women walk past a portrait of the late Iranian Supreme Leader Ayatollah Ali Khamenei.

What happened

Women walk past a portrait of the late Iranian Supreme Leader Ayatollah Ali Khamenei. This person was killed in the U.S. And Israel strike on Feb. 28, and images of the Iranian flag, on a sidewalk in downtown Tehran, Iran. (Photo: AP) A parliamentary committee in Iran has thrown its backing behind legislation that would require vessels from countries authorized to transit the Strait of Hormuz to pay Tehran for services rendered along the route a move that lands against the backdrop of sharpening rhetoric between Iran, the United States, and their allies.

Mohsen Rezaei, Iran's security chief, cautioned that any nation choosing to join Washington's sanctions campaign against Tehran would be regarded as hostile, with Iran vowing to strike back at that country's interests. Rezaei has additionally floated the possibility of forceful retaliation if the US takes further action, and has pushed for a rethink of Iran's diplomatic posture, pointing to what he characterized as repeated American violations of prior commitments.

The bottom line

In short, world News Today Live Updates: Oil falls 1% ahead of US announcement is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.