1 week ago

Trump Unveils Sweeping Economic Campaign to Isolate Iran

Donald Trump said the United States will put much stronger economic pressure on Iran.

The plan would target ways Iran moves money and sells goods despite sanctions.

These methods include oil smuggling, cash transfers and companies used to hide business connections.

Trump also asked other countries to join the effort.

He said Iran had been given a chance to make a deal but did not accept it.

Trump claimed Iran’s military has already been badly weakened.

He said the new restrictions would make it harder for Iran to operate internationally.

His main stated goal is to ensure that Iran never gets a nuclear weapon.

Key facts

Announcing official: Donald Trump
Target: Iran, also called the Islamic Republic of Iran
Planned campaign: Economic warfare and isolation on an unprecedented scale, according to Trump
Targeted activities: Oil smuggling, financial swaps, cash transfers, exchange houses, ship registries and front companies
International appeal: Trump urged allies and other countries to sever Iran’s financial and commercial connections
Stated nuclear objective: Trump said Iran will never have a nuclear weapon
Trump’s military assessment: He claimed Iran’s navy had been destroyed, its air force crippled and its military manufacturing reduced to rubble

businesstoday.in · 1 week ago