Trump Announces Economic Sanctions Against Iran, Threatening Severe Financial Penalties
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President Donald Trump said the U.S. will launch what he called the "most crushing economic operation ever taken against any country" against Iran, threatening severe financial penalties on any nation that helps Tehran evade sanctions.
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BBC BusinessTrump's latest move appears to extend the pressure campaign of Operation Economic Fury, launched in April to sanction foreign banks or firms that do business with Tehran.
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He said any country whose financial institutions, businesses, airports, or government entities offer Iran a "lifeline" will face what he described as tremendous economic consequences of their own.
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BBC Business"ANY country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face TREMENDOUS Economic Consequences," Trump said.
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“Until the United States fulfills its commitments under the agreement, including lifting the blockade, releasing frozen assets, lifting oil sanctions, ending threats and military operations on all fronts, and implementing the other conditions to which it committed, the Strait of Hormuz will not reopen,” said Mohammad Bagher Qalibaf, Iran’s parliamentary speaker and negotiator in previous talks with the U.S.
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Washington Times BusinessEarlier this month, Iranian and U.S. officials indicated that the two sides were circling a deal that would reopen the Strait of Hormuz, establish a ceasefire and open the door to further technical talks.
5 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 MarketWatch Futures Movers Oil prices jump after Trump declares economic war on Iran West Texas Intermediate and Brent crude’s front-month contracts both climbed after President Donald Trump said he was launching a “crushing economic operation” against Iran
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02 BBC Business He wrote in all capital letters on Truth Social he was launching "the most crushing economic operation ever taken against any country!" He gave no further details, and did not name any other nation.
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03 Fortune U.S. President Donald Trump threatened to bomb Oman because he is unhappy the country is close to a deal with Iran to manage ship traffic through the Strait of Hormuz, two regional officials said on Tuesday, a day after Trump leveled the threat.
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04 CNBC In a Truth Social post, Trump said Iran's navy, air force, and military production facilities have been destroyed and its currency rendered worthless, arguing the regime is "hanging by a thread."
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05 Washington Times Business President Trump maintained on Wednesday that his administration’s economic pressure campaign against Iran is working and will stand in for diplomatic efforts, at least for now.
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Sources (5)
- bbc-biz
- cnbc
- marketwatch
- fortune
- washtimes-biz