Iran warns Gulf neighbours over US-led economic pressure campaign
Iran’s foreign minister has dismissed the threat of a fresh round of US economic sanctions as a “desperate” ploy, even as its president acknowledged that the Iranian people are facing “many problems” amid Washington’s efforts to isolate and debilitate the country’s economy. Last week, Donald Trump announced a new campaign to increase the pressure on […]
Iran's foreign minister, Abbas Araghchi, dismissed the prospect of renewed US economic sanctions as a "desperate" move. Despite President Masoud Pezeshkian acknowledging Iran's economic challenges, the country remains defiant. US Treasury Secretary Scott Bessent is set to unveil further punitive measures against Iran, described by officials as the "toughest sanctions in history."
Iran's supreme national security council leader, Mohsen Rezaei, threatened to target oil-shipping routes in the Gulf if neighbors joined the US-led economic pressure campaign. Rezaei warned these countries would be considered enemies and their interests targeted. Iran has control of the strategic strait of Hormuz, which accounts for one-fifth of global oil supplies.
The United Arab Emirates has suspended all trade and financial ties with Tehran, while the US continues to target Iran's funding and oil exports. Diplomatic efforts are underway to develop alternative shipping routes and logistics connections, with France and Saudi Arabia leading the charge.
Written by urgent.news from People Daily Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
