US threatens Iran’s trade partners with sanctions: Who are Tehran’s biggest economic partners? Will it affect India?
The countries who are likely to be affected are China, Turkey, the UAE, Iraq, the European Union, India, Pakistan, as well as Russia.
The United States has threatened to impose sanctions on Iran's trade partners, warning that any entities facilitating money laundering for Iran will be removed from the US dollar system. The US President has urged world leaders to cease interactions with the Iranian regime, as nations that do business with Tehran could face isolation.
Iran's largest trading partners include China, Turkey, the UAE, Iraq, the European Union, India, Pakistan, and Russia. China has condemned the US threats, stating it will take necessary measures to protect its interests. The UAE, a key trading partner for Iran, has suspended its economic relations with Tehran following missile allegations.
Turkey and Iraq also maintain significant trade ties with Iran, despite past conflicts. India, once a major trading partner, has seen a sharp decline in bilateral trade with Iran.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- US Treasury Secretary and Bahraini finance minister discuss Iran sanctions middleeasteye.net
- Iran sanctions: How to make an outcast out of a pariah egyptindependent.com
- US keeps pressure on Iran as officials signal shift to sanctions dailytimes.com.pk
- US sanctions on Iran: China’s scramble for oil may add to India’s crude, freight costs hellenicshippingnews.com
- US pivot from strikes to sanctions in Iran war shows lack of clear strategy, experts say jpost.com
- US pauses fresh military action against Iran, turns to sanctions and maritime pressure timesofindia.indiatimes.com
- Could Korea get caught in the crossfire of new US sanctions targeting Iran? hani.co.kr
