{
  "id": 2185993,
  "title": "Iran's main trade partners at risk from Trump's 'economic warfare'",
  "url": "https://urgent.news/2026/08/20/irans-main-trade-partners-at-risk-from-trumps-economic-warfare",
  "topic": "world",
  "section": "World",
  "published": "2026-08-20T17:37:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/world/20260821/irans-main-trade-partners-at-risk-from-trumps-economic-warfare"
  },
  "original_language": "en",
  "account": "The United States, under President Donald Trump, has declared a campaign of economic warfare against Iran, warning any nation that engages in trade with the Islamic republic. This directive follows a series of intermittent conflicts between the two countries. Iran's primary trade partners face significant risks if they maintain commercial relations with Tehran. China, the largest trade partner, has a substantial trade relationship with Iran, accounting for over a quarter of Iran's total trade. In 2024, China imported $18 billion worth of goods from Iran and exported $14.5 billion, with hydrocarbons, industrial chemicals, and machinery being key commodities in both directions. The United Arab Emirates (UAE), despite recently halting all trade with Iran, was another major trade partner. In 2024, the UAE constituted 30.6 percent of Iran's imports, valued at approximately $21 billion, and Iran sent $6.4 billion worth of goods to the UAE in the 10 months leading up to January 2026, while importing $14.81 billion. These trade dynamics could be severely impacted by the U.S. economic sanctions, potentially causing substantial financial and economic repercussions for both China and the UAE.",
  "summary": "PARIS — U.S. President Donald Trump has pledged \"economic warfare\" against Iran, threatening any country that trades with the Islamic republic following months of stop-start hostilities. Here are the main players who could lose out if they continue to trade with Iran: China More than a quarter of Iran's trade takes place with China, with $18 billion in imports and $14.5 billion in exports in…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "Ynetnews",
        "title": "Iran calls Trump's ‘Economic D-Day’ a 'distraction from America’s own crisis'",
        "url": "https://urgent.news/2026/08/20/iran-calls-trumps-economic-d-day-a-distraction-from-americas-own",
        "published": "2026-08-20T06:48:40.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "Trump says Iran's economy is collapsing. A former central bank adviser in Tehran pushes back",
        "url": "https://urgent.news/2026/08/20/trump-says-irans-economy-is-collapsing-a-former-central-bank-adviser",
        "published": "2026-08-20T08:38:11.000Z"
      },
      {
        "outlet": "Al-Monitor",
        "title": "China slams Trump over economic war on Iran: What to know",
        "url": "https://urgent.news/2026/08/20/china-slams-trump-over-economic-war-on-iran-what-to-know",
        "published": "2026-08-20T14:46:45.000Z"
      },
      {
        "outlet": "SABC News",
        "title": "Trump warns of economic consequences for any country supporting Iran",
        "url": "https://urgent.news/2026/08/20/trump-warns-of-economic-consequences-for-any-country-supporting-iran",
        "published": "2026-08-20T16:18:19.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Oil hits more than 3-week high as Trump tries to raise pressure on Iran",
        "url": "https://urgent.news/2026/08/20/oil-hits-more-than-3-week-high-as-trump-tries-to-raise-pressure-on",
        "published": "2026-08-20T16:52:03.000Z"
      },
      {
        "outlet": "Live Mint",
        "title": "Iran condemns Trump's new sanctions, calls them ‘economic terrorism,’ ‘crimes against humanity’",
        "url": "https://urgent.news/2026/08/20/iran-condemns-trumps-new-sanctions-calls-them-economic-terrorism",
        "published": "2026-08-20T17:03:39.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}