Washington: US President Donald Trump has intensified pressure on Iran, warning countries that provide Tehran with financial or commercial support that they could face what he described as “tremendous” economic consequences.
Trump announces tougher economic campaign
Trump said the United States was preparing a major economic campaign aimed at further isolating Iran. The move comes as the conflict between Washington and Tehran continues and diplomatic efforts to reach a lasting settlement remain uncertain.
The US President has described the planned measures as an exceptionally severe economic operation, signalling that Washington intends to target not only Iran but also countries and businesses that continue to maintain important economic links with Tehran.
Strait of Hormuz remains a major flashpoint
The announcement comes amid continuing tensions over the Strait of Hormuz, one of the world’s most important energy shipping routes. Conflicting claims from Washington and Tehran over the status of the waterway have added to uncertainty for global shipping and energy markets.
The disruption has already contributed to concerns over oil supplies, shipping costs and inflation, with markets closely watching developments in the Gulf.
Pressure grows as conflict continues
The latest warning raises the possibility of wider economic repercussions for countries that trade with Iran, particularly those involved in its energy and financial networks.
The United States is seeking to increase pressure on Tehran while keeping diplomatic options open, although statements from both sides suggest that significant differences remain over sanctions, the conflict and the future of the Strait of Hormuz.