Trump announces ‘Economic Warfare’ on Iran, threatens ‘tremendous’ consequences for its backers
- Treasury Secretary Scott Bessent announced this week that President Donald Trump is prepared to order new sanctions on Iran to punish its economy, marking an escalation in economic pressure.
- The administration favors economic warfare, touting its naval blockade of the Strait of Hormuz, after a 60-day memorandum of understanding between the U.S. and Iran expired with no replacement agreement.
- Escalating pressure targets an Iranian economy suffering 65% inflation over the past year, with officials considering sanctions on Chinese banks despite concerns about harming American economic interests.
- Mohammad Ghalibaf, Iran's parliament speaker, wrote on X Tuesday that the U.S. was "trying to pull a rabbit out of their hat" and that squeezing Iran will not win concessions.
- Trump, who is "not in a hurry" for a solution, maintains a long-term approach while Energy Secretary Chris Wright said the administration aims to leave the next generation without nuclear threats.
53 Articles
53 Articles
Donald Trump vows to smash Iran with 'economic D-Day' and cripple regime's 'maniacs' for good
Donald Trump has vowed to hit Iran with a host of "crushing" economic measures in a bid to cripple the regime's "maniacs" for good. The President's efforts to ramp up pressure on the Islamic Republic comes after he confirmed that negotiations between the two sides had been called off and the Strait of Hormuz was now "open and operating". The US and Iran had paused hostilities following the signing of a memorandum of understanding in June, which …
Trump threatens countries that help Iran
US President Donald Trump said Wednesday he was launching a major new campaign to target Iran's economy, threatening "tremendous" punishment on any country that helps or does business with the Islamic republic. The intensified economic pressure campaign comes as the war nears its sixth month with no immediate diplomatic or military off-ramp in sight. Trump is also facing renewed domestic political scrutiny over the war with November elections qu…
According to the US President, Tehran has "tragically missed the chance for an agreement." These madmen are in the end, Trump claims, announcing "the most devastating economic operation ever carried out against a country." Other countries are warned.
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