US Slams Iran with 'Toughest Sanctions in History'
US President Donald Trump has threatened to impose 'unprecedented' economic sanctions on Iran as part of 'Operation Economic Fury', a campaign aimed at collapsing the Iranian government. The move comes after Trump vowed to punish any country doing business with Tehran, warning that countries would face 'tremendous economic consequences' if they continued to trade with Iran.
The US Treasury Secretary Scott Bessent described the new sanctions as the 'toughest in history', saying they would target companies, brokers, and tankers accused of helping Iran sell its oil abroad. The sanctions also include a naval blockade on Iranian ports aimed at preventing oil exports.
Iranian officials have vowed to retaliate against any country that joins the US in economic sanctions against it. Secretary of Iran's Supreme National Security Council Mohsen Rezaei warned that countries participating in US-led sanctions would be regarded as enemies and could face a 'seismic' retaliation, including targeting their oil exports.
Gulf countries have found themselves caught in the middle of the war between the US and Iran. While some countries like the UAE have imposed trade embargos on Iran, others are concerned about the chaos that would follow if Iran's government were to collapse.