Trump unleashes 'economic warfare' against Iran, targeting global backers
TL;DR
President Donald Trump announces a sweeping 'economic warfare' campaign against Iran, pledging severe penalties on any country or entity aiding Tehran as part of 'Operation Economic Fury' and outlining channels to shut down—oil smuggling, currency swap lines, cash transfers, exchange houses, ship registries, and front companies—aimed at crippling Iran’s revenue streams and preventing a nuclear accord; Iran denounces the move, the UAE suspends trade with Tehran, and stock futures move only marginally on the news.
- Trump announces 'economic warfare' on Iran, threatens ‘tremendous’ consequences for its backers CNBC
- Trump announces ‘most crushing economic operation ever’ against Iran aljazeera.com
- ‘There is no breaking point’: The problem with Trump’s plan to economically strangle Iran Politico
- Trump threatens 'unprecedented' economic consequences for any nation aiding Iran Fox News
- Trump, With Limited Options in Iran, Tries Economic Pressure — Again The New York Times
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