Trump announces ‘most crushing’ economic sanctions on Iran

US President Donald Trump has announced that his administration was imposing the “most crushing economic operation” on Iran, a move analysts say shows the frustration of the American leader as his government makes no progress in the Iran war.

In a post on Truth Social early Thursday, Mr Trump said the sanctions will target “any country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran.”

The US has imposed tough economic sanctions on Iran for over 40 years, and it remains to be seen how this new announcement will make any difference.

Iran’s Foreign Minister, Abbas Araghchi, dismissed Mr Trump’s latest threats in a post on X, calling it a “diversion from America’s own crisis: unprecedented debt & surging interest costs.”

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“Doubling down on failed policies will only bring further defeat—and enmity of Iranians. US economic terrorism threatens global economy and sovereignty worldwide,” he wrote.

Mr Trump’s announcement also comes less than 24 hours after the UAE, a US ally, said it was ending all trade and economic cooperation with Iran.