Oil falls as Trump pledges economic war on Iran
Oil prices fell today as the US announced plans for “most crushing” economic sanctions against Iran. Investors also eye AI tech stocks and central bank mee Read More: https://punchng.com/oil-falls-as-trump-pledges-economic-war-on-iran/
Oil prices have fallen following the US announcement of plans for "most crushing" economic sanctions against Iran. The US Treasury Secretary described the measures as the "single greatest financial offensive marshalled against an adversary", or an "economic D-Day".
The sanctions were announced after the US claimed to have dismantled Iran's military capabilities, destroyed nearly 100 percent of its military factories, and buried its nuclear program.
Iran has dismissed the US declaration, with its deputy foreign minister saying it contradicts US claims of having dismantled Tehran's military and nuclear capabilities. The Iranian foreign ministry also warned countries against joining the US economic campaign, saying it would "definitely have its own consequences".
Brief written by urgent.news from Punch, Malay Mail — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- Trump is trying to tighten the screws on an Iran numb to economic pain egyptindependent.com
- Trump’s ‘economic D-Day’ targets Tehran: Ordinary Iranians face even more pain gulfnews.com
- Oil falls as Trump pledges economic war on Iran freemalaysiatoday.com
- Iran hits back at US ‘economic D-Day’, questions claims of military victory malaymail.com
- Oil falls as Iran allows Iraqi tankers through Hormuz, easing supply concerns hellenicshippingnews.com
- Bessent doubles down on Trump warnings: 'Entering the endgame' on Iran thehill.com
- Oil falls as Trump pledges economic war on Iran punchng.com
- World awaits Iran's response to Trump's "economic D-Day" sanctions cbsnews.com
