Trump threatens Iran’s trade partners, as military strikes make way for economic pressure
US president pivots towards ‘crushing’ economic operation against Iran and its trading partners as military strikes fail to bring Tehran to the ta...
Last updated: 2026-08-20 08:00:09 ET
US president pivots towards ‘crushing’ economic operation against Iran and its trading partners as military strikes fail to bring Tehran to the ta...
The announcement extends a pressure campaign the Trump administration has waged since April under the banner Operation Economic Fury.
It comes after a 60-day ceasefire expired on Monday, with no sign of a diplomatic or military off-ramp to the conflict.
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Saudi Arabia and the United Arab Emirates are seeking larger oil reserves in Japan and South Korea as regional conflict threatens supply routes.
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President Trump on Monday threatened to strike Oman, a longtime U.S. ally, which shares the Strait of Hormuz and has been negotiating control of the waterway with the Iranian regime. Mr. Trump also suggested claiming the strait as a U.S. territory, b...
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