New US measures target Iran’s financial lifelines, with warnings of severe consequences for countries aiding Tehran.
US President Donald Trump announced the most severe economic sanctions ever against Iran, escalating financial isolation. The measures target oil smuggling, swap lines, cash transfers, and front companies, with threats of retaliation against nations facilitating such activities.
Trump stated negotiations with Iran remain possible but emphasized current conditions favor Washington. The UAE suspended all trade with Tehran after ballistic missile incidents, though Iran denied involvement. Markets showed muted reaction, with WTI crude up 0.02% at $85.28.
The sanctions expand pressure on Iran’s economy, following prior US withdrawals from nuclear agreements. Analysts warn of potential supply disruptions in global oil markets if enforcement tightens further.