Trump administration threatens new sanctions on countries that refuse to cut economic ties with Iran
- 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.
217 Articles
217 Articles
US warns China, all other nations to cut Iran ties or face sanctions
The United States on Monday warned that China and all other countries now face an increased risk of secondary sanctions if they do business with Iran as Washington launches a fresh campaign aimed at severing crucial economic lifelines for Tehran.
Join new Iran sanctions or leave the dollar system: Bessent
With the United States unable to militarily defeat Iran in President Donald Trump’s illegal US-Israeli war of choice, Treasury Secretary Scott Bessent on Monday escalated the administration’s economic attacks on Tehran, warning countries and companies around the world that continuing to do business with the nation could expose them to punitive sanctions. “Let there be no ambiguity as to […] The post Join new Iran sanctions or leave the dollar sy…
Bessent: "Super economic measures. No one excluded, not even China. We will cut out of the dollar system the countries that recycle money with Tehran" . Hit also crypt and transport. Trump: "The rial collapses, the regime is collapsing"
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