Trump administration threatens new sanctions on countries that refuse to cut economic ties with Iran
- Treasury Secretary Scott Bessent unveiled "Operation Economic Outcast" on Monday in Washington, a plan using secondary sanctions to financially squeeze Iran into submission and target its trading partners globally.
- The war in the Middle East continues with no resolution after a 60-day diplomatic window expired last week. Talks have stalled over control of the Strait of Hormuz, which Iran has effectively closed to global shipping.
- Supreme National Security Council Secretary Mohsen Rezaei warned that Tehran would regard any country's participation in the "economic war" as an "act of war." He threatened to halt all oil exports through the Persian Gulf if the campaign continues.
- Experts warn the plan could backfire by spiking oil prices and closing shipping lanes, while uncertainty remains regarding potential actions against trading partners China and India. The United Arab Emirates has already suspended trade with Iran.
- Diplomatic efforts continue as Pakistan's army chief travels to Iran to revive talks, while Oman's foreign minister is set to meet his Iranian counterpart on Tuesday to discuss the Strait of Hormuz.
310 Articles
310 Articles
Washington urges countries to cut economic ties with Tehran
The United States launched a new campaign against Iran, seeking to block all of its potential sources of revenue and telling nations to cut economic ties with Tehran. If countries fail to do so, Washington said they will face US retaliation.
Trump administration reignites Canada trade war and sets ‘economic D-Day’ for Iran, impacting your wallet and beef imports
The Trump administration has intensified economic actions by renewing its trade dispute with Canada and initiating significant sanctions against Iran. These measures may impact prices for cars, gas, and groceries in the United States. President Donald Trump announced that tariffs on Canadian cars, trucks, auto parts, and steel will increase to 50% beginning January 1, 2027. At the same time, Treasury Secretary Scott Bessent announced new sanctio…
Latest sanctions on Iran risk strengthening Tehran and undermining US credibility
The United States has announced its latest plan to put maximum economic pressure on Iran. Launching “Operation Economic Outcast” on August 24, the US treasury secretary, Scott Bessent, said the plan would involve the “toughest sanctions in history” against Iran. The US objective is ambitious. To economically isolate Tehran, punish countries that continue trading with it and achieve through financial pressure what nearly six months of military co…
Sydney Morning Herald
Beijing warns it will not sever ties with Iran after US vows ‘economic D-Day’
China threatened to retaliate against the US, after the Trump administration announced a fresh economic campaign to strangle the Iranian regime, which counts Beijing as a major trading partner.
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