Trump warns Iran allies of sanctions

A source reported that U.S. President Donald Trump threatened to impose unprecedented sanctions and initiate a trade war against any country supporting Tehran, as part of pressure efforts to resolve the ongoing conflict that has lasted for about six months. This conflict has impacted energy markets and shipping traffic through the Strait of Hormuz. Trump warned financial institutions and foreign companies against engaging with Iran, without specifying the mechanisms of implementation or mentioning any specific countries. Meanwhile, Tehran regarded the threats as an attempt to cover up its economic crisis and internal debts. China called for diplomatic solutions and dismissed the sanctions as ineffective. The United Arab Emirates announced the suspension of all its transactions with Iran until further notice.

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