Trump Announces Severe Economic Retaliation Against Iran Over Diplomatic Stance
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Published President Donald Trump has announced the US will inflict "TREMENDOUS Economic Consequences" on any country that helps or does business with Iran.
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CNBCThe Cabinet secretary's comments came hours after President Donald Trump declared that the U.S. plans to choke Iran's economy by levying major economic penalties against any country that provides "any type of lifeline" to Tehran.
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Mr. Trump added that diplomacy with Iran could happen “maybe at some point.” On Tuesday, he had insisted that the economic pressure campaign would continue and the White House had no plans to talk to the Iranians in the near future.
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Mr. Trump’s claim that the U.S. controls the strait stems from the operation of a naval blockade of Iran’s ports, which the president reauthorized last month. The blockade is just one aspect of Washington’s economic pressure campaign on Iran, which also includes a massive sanctions regime and asset seizures.
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Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 CNBC The Trump administration's plan to crush Iran's economy will likely negate the need for further U.S. military operations against the Islamic republic, Treasury Secretary Scott Bessent told CNBC on Thursday.
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02 Financial Times Trump announces new drive to isolate and crush Iranian economy UAE, long a crucial trading hub for Tehran, has also suspended commercial ties
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03 Washington Times Business Speaking to reporters at the White House, Mr. Trump repeated his insistence that Iran cannot obtain nuclear weapons and indicated that his administration’s standing policy of economic warfare has thus far been successful.
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04 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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