Trump vows tighter economic isolation of Iran, new measures next week
US President Donald Trump said his administration will escalate economic pressure on Iran, with new measures to be announced next week.
US President Donald Trump has pledged to intensify economic sanctions against Iran, with new measures set to be announced next week. The administration's plan is to achieve unprecedented economic isolation of Iran, in addition to maintaining the current blockade in the Strait of Hormuz. Treasury Secretary Steven Mnuchin confirmed that the new measures will be unveiled during the coming week as part of the ongoing economic strategy directed at Tehran.
Mnuchin explained that the blockade in the Strait of Hormuz prohibits any goods from entering or leaving Iranian ports.
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