Trump announces ‘Economic Warfare’ on Iran, threatens ‘tremendous’ consequences for its backers
Trump said countries aiding Iran will face new sanctions as the administration weighs broader economic measures and pressure on Chinese banks.
- 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.
122 Articles
122 Articles
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Donald Trump vil isolere Iran økonomisk og betegner sanctioner som en økonomisk D-dag
The initiative involves a new phase of pressure on Tehran, after the U.S. president rejected the dialogue with the Islamic Republic.The U.S. seeks to cut the tools to circumvent economic sanctions such as oil smuggling and currency swaps, among others.
Donald Trump announced he would launch the largest-ever economic pressure campaign against Iran, threatening severe economic sanctions on any country that assists or does business with the Iranian government.
US President Trump threatened Iran with an "unprecedented economic war."
Trump announces ‘Economic D-Day’ against Iran: ‘Most crushing economic operation ever taken’
President Trump announced Wednesday that the US will target Iran and its allies with "the most crushing economic operation ever taken against any country" – dubbing the effort “Economic D-Day.”
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