Trump Threatens “Tremendous” Consequences for Countries Helping Iran
U.S. President Donald Trump threatened any country helping Iran in any way with “tremendous economic consequences,” as the American Administration is ratcheting up economic pressure on Iran in the hope of ending the war it began in February. Late on Wednesday, President Trump took to his social media platform Truth Social – as usual – to announce massive economic pressure on Iran and…
U.S. President Donald Trump warned that countries assisting Iran would face "tremendous economic consequences" amid the administration's intensified economic pressure on Iran. Following his statement on social media platform Truth Social, Trump announced the "most crushing economic operation ever taken against any country," aiming to isolate Iran economically.
This operation, he stated, would be "on an unprecedented scale," targeting oil smuggling, swap lines, cash transfers, exchange houses, ship registries, and front companies. Iran's chief customer is China, which has been purchasing over 90% of all sanctioned Iranian oil in recent years. While Trump did not name specific countries, the oil market was already expecting Chinese refiners might resume buying Iranian crude oil in August after their stockpiles declined to their lowest level this year due to a significant withdrawal.
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