Trump warns of economic impact on countries backing Iran

U.S. President Donald Trump warned of broad economic repercussions for any country that supports Iran, even as Washington continues efforts to end the conflict with Tehran through military and political means. American sanctions, imposed since 1979, remain in place, accompanied by threats of severe consequences for any entity engaging financially with Iran. This comes amid failed attempts to reach agreements to stop the fighting in the Strait of Hormuz, through which about one-fifth of global oil trade passed before February. Nevertheless, Tehran continues to affirm its readiness for dialogue with Washington, while the United States maintains its economic pressures, amid fears of escalating a global economic war—especially as China continues to purchase over 80% of Iranian oil, and the UAE has suspended relations with Iran following notable military events.

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