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.
348 Articles
348 Articles
US President Donald Trump declared economic war on Iran on Thursday night and threatened harsh consequences for the economies of all countries that would help Tehran in any way. According to the AFP agency, the head of the White House is thus trying to increase pressure on Iran almost six months after the start of the protracted conflict. Iranian Foreign Minister Abbas Araqchi told Trump in response that these steps would only bring him another …
US President Donald Trump announced the start of a "destructive economic operation against Iran, because of Tehran's refusal to conclude a peace agreement with Washington."Noone offered Iran more chances of concluding an agreement than I did. Unfortunately for them, they did not take advantage of it. Therefore, today's most devastating economic operation ever undertaken against any country, wrote White House chief on his social network Truth Soc…
Muscatine Journal
News & RecordIran's rulers wary of economic pressures
DUBAI — Even as Iran projects resilience in the war with the United States, its leaders are worried that a threat of more economic punishment by Donald Trump could increase hardships, reignite unrest and further erode the Islamic Republic's legitimacy.
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