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Trump vows tougher economic measures on Iran and supporting countries

BBC · back to the audit

Donald Trump has said he will launch tougher economic measures against Iran, as well as any country that helps or does business with it.
"The US president wrote in all capital letters on Truth Social that he was launching 'the most crushing economic operation ever taken against any country', without providing further details or the names of any nation other than Iran."
"Trump continued: 'Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies - it all needs to stop NOW. You know who you are.'"
"Iranian Foreign Minister Abbas Araghchi said Trump's latest post was 'a diversion' from America's own economic problems. 'Doubling down on failed policies will only bring further defeat - and enmity of Iranians,' he wrote on X."
Also reported: 60-day ceasefire expired Monday Aug 17; UAE announced severing ties with Iran; China's Ministry of Commerce said sanctions "in violation of international law"; Strait of Hormuz handles ~20% of world crude oil and LNG.