Iran warns of 'further defeat' after Trump 'Economic D-Day' announcement
Iran’s Foreign Minister Seyed Abbas Aragachi on Thursday said President Trump’s pledged "economic D-Day” attack on Tehran will only result in “further defeat” for the United States as the national debt swells. “The so-called “Economic D-Day” is a diversion from America's own crisis: unprecedented debt & surging interest costs,” Aragachi wrote in a post on...
US President Donald Trump has threatened economic consequences for countries that engage in financial or business dealings with Iran, warning that such actions will face "tremendous economic consequences". This threat is primarily directed at Asian and Middle Eastern nations, including China, Iraq, the UAE, and Turkey, which are Iran's main trading partners.
The aim of these secondary sanctions is to force these nations to choose between maintaining trade links with Iran and accessing the US market, thereby increasing pressure on Iran's export revenues. However, the specifics of these potential economic measures remain unclear, as no details have been provided by the Trump administration.
Meanwhile, Iran's central bank chief reported that the country is currently exporting no oil due to increased economic pressure from the US.
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