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.
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436 Articles
Trump threatens all states with consequences that Iran continues to support economically.
President Donald Trump of the United States announced that he was starting an "economic war" against Iran, about which he wrote on the Truth Social social network.
Iran War: Further Admission of Weakness With New Super Duper Trump Sanctions Threat; Israel Moves Against Turkiye Risk Broader Conflagration; Bessent at Odds with Fed in Move to Contain Longer-Dated Treasury Yields
Today's Iran war news: More proof of Trump impotence via sanctions huffing and puffing, plus Bessent weirdly going to war with the Fed.
Trump Threatens “Tremendous” Consequences for Countries Helping Iran
U.S. President Donald Trump threatened any country helping Iran in any way with “tremendous economic consequences,” as the American Administration is ratcheting up economic pressure on Iran in the hope of ending the war it began in February. Late on Wednesday, President Trump took to his social media platform Truth Social – as usual – to announce massive economic pressure on Iran and simultaneously threaten dire economic consequences on any coun…
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