Trump administration threatens new sanctions on countries that refuse to cut economic ties with Iran
The Treasury Department designated more than 60 entities and vessels and warned that countries keeping business ties with Tehran could face U.S. financial penalties.
- 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.
273 Articles
273 Articles
Sydney Morning Herald
Beijing warns it will not sever ties with Iran after US vows ‘economic D-Day’
China threatened to retaliate against the US, after the Trump administration announced a fresh economic campaign to strangle the Iranian regime, which counts Beijing as a major trading partner.
US to unveil fresh Iran sanctions
WASHINGTON — The United States was set to warn countries to cut ties with Iran or risk their businesses being cut off from the dollar-based financial system when it unveils the "greatest financial offensive ever" on Monday, a source told…
Could Iran’s regime collapse? Experts assess Bessent’s bid to sever financial lifelines
Scott Bessent's economic pressure campaign against Iran aims to isolate Tehran financially. Experts say sanctions could fuel protests but debate whether regime change is achievable.
US to unveil broader campaign aiming to cripple Iran’s economy
WASHINGTON — The Trump administration is set to announce Monday what it is describing as its most comprehensive assault to date on Iran’s economy, unveiling a package of measures that are intended to isolate Iran from the rest of the world. The post US to unveil broader campaign aiming to cripple Iran’s economy appeared first on Hawaii Tribune-Herald.
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