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Trump doubles down on economic threat to Iran and oil rises to $94

Washington habría preparado un corredor seguro para dar salida a 10 millones de barriles de crudo al día de Arabia Saudí, Emiratos y otros países del Golfo. Leer

Translated from Spanish Read in Spanish

Trump doubles down on economic threat to Iran and oil rises to $94

US President Donald Trump has announced a total economic offensive against Iran, warning of "devastating consequences" for countries that help the Islamic Republic evade the sanctions. The move has driven oil prices up, with the Brent barrel rising 2.3% to $93.7. The US has reportedly set up a safe corridor for oil exports from Saudi Arabia, the UAE, and other Gulf countries, allowing 10 million barrels per day to be transported through the Strait of Hormuz.

Iran's Foreign Minister Abbas Araghchi dismissed the economic pressure, saying it would only bring more defeat and enmity towards the US.

Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at expansion.com →

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