Trump administration threatens new sanctions on countries that refuse to cut economic ties with Iran
Treasury Secretary Scott Bessent said the plan will use secondary sanctions and other measures to cut off Iran’s financial lifelines, with action expected this week.
- 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.
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The US wants to isolate Iran economically and has announced sanctions against Tehran's economic partner. Whoever trades with the country will feel the "worship of American power", said Finance Minister Bessent.
"These measures extend the risk of secondary sanctions for anyone foolish enough to continue doing business with this regime," warned Treasury Secretary Scott Bessent.Who controls Ormuz?The US and Iran compete for the story about the vital strait of the Persian Gulf The U.S. Treasury Secretary, Scott Bessent, announced Monday the start of Operation 'Economic Wall' to cut off Iran's "all economic options" with the aim of raising pressure with san…
US Launches ‘Economic Onslaught’ Against Iran’s Financial Connections
US Treasury Secretary Scott Bessent unveiled Monday what he described as an "economic D-Day" that aims to give a final warning to countries to sever their business ties with Iran or risk having key companies and entities cut off from the dollar-based financial system. "We are launching an economic onslaught against Iran’s financial connections around the globe. Our objective is to sever every economic lifeline that sustains this tyrannical reg…
US finance minister Scott Bessent announces a global economic offensive against Iran. According to this, all states as well as companies doing business with Tehran face drastic consequences. He leaves concrete measures open.
El Periódico
informacion.esUnable to come out in a moderately honourable way from the war that began against Iran, Donald Trump now wants to reinvent the wheel. His administration has announced this Monday an unprecedented economic offensive to try to cut off all ties of the Iranian economy with the rest of the world. Our goal is to cut off all funding lines that sustain this tyrannical regime until Tehran is completely isolated,” said Treasury Secretary Scott Bessent. Th…
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