Now Reading: US to announce unprecedented economic measures on Iran next week
-
01
US to announce unprecedented economic measures on Iran next week
US to announce unprecedented economic measures on Iran next week
US Treasury Secretary Scott Bessent said the Trump administration will apply economic sanctions against Iran “like have never been seen in the history of economic isolation” as part of a one-two punch…
The Story in Brief
US Treasury Secretary Scott Bessent said the Trump administration will apply economic sanctions against Iran “like have never been seen in the history of economic isolation” as part of a one-two punch alongside a naval blockade. The announcement is expected next week, he told Newsmax.
Fighting erupted on Feb. 28 when the US and Israel launched airstrikes on Iran, which responded with missiles and drones. A truce was agreed in June, but talks have stalled and intermittent clashes continue. Iran’s economy and crude exports have been hit, but Tehran has weathered decades of sanctions. Two Abu Dhabi tankers were attacked while transiting the Strait of Hormuz on Thursday, which the UAE called piracy.
The Indian Opinion
The US narrative of a decisive new economic hammer overlooks a basic fact: Iran has survived 47 years of sanctions and a full naval blockade without bending on its nuclear programme or control of the Strait of Hormuz. Trump’s “low-keying” claim rings hollow when his own Treasury cannot say what fresh tool exists beyond secondary sanctions on Chinese buyers. The real test is whether Washington dares to target Beijing directly, which would risk a global oil shock and a far wider confrontation.
Source: livemint.com
This story was synthesised by AI from the source linked above.
