Published • loading... • Updated
Trump announces ‘Economic Warfare’ on Iran, threatens ‘tremendous’ consequences for its backers
Trump said new measures could target banks and trading firms that help Iran, as inflation there nears 65%, officials said.
- 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.
Insights by Ground AI
Podcasts & Opinions
490 Articles
490 Articles
In the face of the collapse of the conflict, the US President promises severe repercussions for any country supporting the Iranian economy.
·France
Read Full Article![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D24&w=64&q=75){kind=small}
Trump Unveils Sweeping Economic Offensive Against Iran, Threatens Penalties for Countries Providing Lifelines
President Donald Trump announced an unprecedented economic pressure campaign against Iran, warning that countries whose financial institutions, businesses, airports or government entities assist Tehran will ... The post Trump Unveils Sweeping Economic Offensive Against Iran, Threatens Penalties for Countries Providing Lifelines first appeared on [your]NEWS.
Iran's foreign minister has strongly criticized US President Donald Trump's plan for economic pressure against Tehran.
·Montreal, Canada
Read Full Article
Coverage Details
Total News Sources490
Leaning Left65Leaning Right107Center104Last UpdatedBias Distribution39% Right
Bias Distribution
- 39% of the sources lean Right
39% Right
L 23%
C 38%
R 39%
Factuality
To view factuality data please Upgrade to Premium
