Skip to main content
institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

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

275 Articles

Lean Right

WASHINGTON (UNITED STATES) (ITALPRESS) - The President of the United States Donald Trump announces a new and very hard economic offensive against Iran, with the aim of completely isolating the Islamic Republic and hitting every possible financial and commercial channel still available to Tehran.In a long message published in Truth Social, Trump announced the most devastating economic operation ever undertaken against any country, speaking of a r…

·Rome, Italy
Read Full Article
Lean Left

Between unpopularity of the conflict on the US political scene and well-established ammunition reserves, the unpredictable US president seems to have recently opted for a more military-attentist posture.

·Paris, France
Read Full Article
Lean Left

The US president wrote on the Truth Social website that he would launch the most destructive economic operation ever launched against a country.

Lean Right

The president warns that any country that allows its financial institutions, companies, airports or government entities to provide "any kind of lifeguard" to Iran will in turn face economic consequences

·Madrid, Spain
Read Full Article
Lean Right

The president stated that the U.S. will carry out an unprecedented assault on the Tehran regime, which would include an “unprecedented” economic isolation.

·Vicente López, Argentina
Read Full Article
Lean Right

The US President speaks of "the most devastating economic operation ever undertaken against any country." André Ventura still accuses the Prime Minister of wanting to cut pensions.

·Lisboa, Portugal
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 46% of the sources lean Right
46% Right

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Political Wire broke the news in New York, United States on Tuesday, August 18, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal