Trump announces 'crushing economic operation’ against Iran, warns consequences for countries doing business with Tehran
Donald Trump declared the launch of unprecedented economic warfare against Iran, threatening consequences for any nation aiding Tehran. The announcement follows stalled peace talks over Strait of Hormuz, with Trump asserting that Iran will not agree to a deal necessary to prevent nuclear armament.
On Wednesday, US President Donald Trump announced an "economic operation of unprecedented scale" against Iran, warning any country aiding Iran financially would face "tremendous consequences." The US President's announcement came as talks between the US and Iran to end the ongoing war stalled, primarily due to disagreements over the Strait of Hormuz.
Despite signing a Memorandum of Understanding on June 17 to end the conflict, the 14-point agreement soon fell apart. Iran has pursued a maximalist approach, aware of Trump's political constraints before the mid-term elections. Trump has threatened to bomb Oman if it hinders the talks with Iran and stated that Iran should submit to the US demands.
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