Published • loading... • Updated
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.
Insights by Ground AI
Podcasts & Opinions
198 Articles
198 Articles
The U.S. President has promised "terrible economic repercussions" to those who would support Tehran.
·Paris, France
Read Full Article
After failed negotiations, the US President threatens with unprecedented sanctions. Read the latest developments in the live ticker.
·Vienna, Austria
Read Full Article
US President Donald Trump said on Wednesday he was launching a broad campaign against Iran's economy.
·Vilnius, Lithuania
Read Full Article
Aftenposten+2 Reposted by 2 other sources
USA's President Donald Trump is still in Iran and will not be able to take hold of anything until he or she is open, and also in this country he will be happy to discuss the situation.
·Oslo, Norway
Read Full Article
Coverage Details
Total News Sources198
Leaning Left34Leaning Right59Center30Last UpdatedBias Distribution48% Right
Bias Distribution
- 48% of the sources lean Right
48% Right
L 28%
C 24%
R 48%
Factuality
To view factuality data please Upgrade to Premium
