Oil prices jump after Trump declares economic war on Iran
President Donald Trump said in a post on Truth Social that any country supporting Iran’s economy would face “tremendous economic consequences.”
US President Donald Trump has announced a new plan to impose economic pressure on Iran, threatening "tremendous economic consequences" for any country that supports Iran's economy. According to MarketWatch, Trump made the announcement on his Truth Social platform.
Iran's Foreign Minister Abbas Araghchi has rejected Trump's plan, calling it a continuation of failed policies, as reported by the Daily Times and Gulf News. Araghchi also accused the US of threatening global economic stability.
The new plan aims to isolate Iran from the global economy, with Trump warning that countries allowing their financial institutions to provide Iran with an economic lifeline could face US punishment, according to Gulf News.
Brief written by urgent.news from MarketWatch, Al-Monitor, Daily Times, Gulf News, Handelsblatt — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- Nahost: US-Präsident Trump droht Iran mit beispiellosem „Wirtschaftskrieg“ handelsblatt.com
- Trump pledges 'economic warfare' on Iran, prompting Tehran derision al-monitor.com
- Iran rejects Trump’s new economic pressure plan dailytimes.com.pk
- Trump threatens Iran with "Economic Warfare and Isolation" cbsnews.com
- Oil prices jump after Trump declares economic war on Iran marketwatch.com
