Trump announces sweeping economic sanctions on Iran

Date:

US President Donald Trump warns countries against maintaining economic ties with Iran, threatening severe consequences for those supporting Tehran.

WEB DESK: US President Donald Trump has announced sweeping economic measures against Iran, warning countries and businesses that maintain economic ties with Tehran that they could face severe consequences.

Trump said the measures were intended to place unprecedented economic pressure on Iran and urged US allies to support Washington’s efforts to isolate Tehran.

Trump warns countries supporting Iran

In a statement posted on his social media platform Truth Social, Trump said he was announcing what he described as the most severe economic action against a country undertaken by the United States.

The US president called on allied countries to stand with Washington and help isolate Iran.

Trump warned that countries allowing their financial institutions, businesses, airports or government entities to provide what he called a “lifeline” to Iran could face significant economic consequences.

He specifically referred to activities including oil smuggling, cash transfers, financial exchanges, shipping registries and the use of front companies, saying such activities should be stopped.

Trump calls move an economic war

Trump described the measures as an “economic war” aimed at severely isolating Iran.

He said countries should understand that Washington was monitoring their economic links with Tehran and warned that those facilitating Iranian trade could face consequences.

Trump also argued that Iran had been given opportunities to reach a deal but had failed to accept them.

The US president said the latest measures were intended to cripple Iran economically and prevent it from continuing activities that Washington considers a threat.

Iran’s military capabilities targeted

Trump also claimed that Iran’s naval and air capabilities had been severely damaged and that military facilities had been destroyed.

He further claimed that Iran’s currency had become virtually worthless and that the country was facing an extremely difficult economic situation.

Trump reiterated his position that Iran must never obtain a nuclear weapon, linking the economic pressure campaign to Washington’s broader efforts to prevent Tehran from developing nuclear weapons.

The claims about the extent of damage to Iran’s military capabilities were made by Trump and were not independently established in the supplied report.

Details of penalties remain unclear

Despite the sweeping warning, Trump did not specify exactly what measures would be imposed on individual countries that continue economic dealings with Iran.

He also did not publicly identify specific countries that could face penalties.

The announcement comes amid heightened tensions between Washington and Tehran, with economic pressure and Iran’s nuclear programme remaining central issues in the broader confrontation.

Further details on the scope and implementation of the measures are expected to determine how significantly the new US policy could affect Iran’s economy and countries maintaining commercial links with Tehran.

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