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20 August 2026 22:10  |

Trump Expands War; Nations Aiding Tehran Face Sanctions

U.S. President Donald Trump announced plans to intensify economic pressure on Iran through what he termed the harshest economic operation ever imposed on a nation. Washington also threatened financial consequences for any country, company, financial institution, or government entity deemed to be helping Tehran evade sanctions.

In a statement on Truth Social, Trump described the strategy as a form of "economic warfare and isolation" on an unprecedented scale. He asserted that Iran had been given the opportunity to reach a deal with the U.S. but failed to capitalize on it. Trump also claimed that Iran’s military capabilities had suffered severe damage and its economy was under increasing strain.

The primary focus of this new policy is to sever the funding and trade channels that still allow Iran to generate foreign currency revenue. Trump specifically highlighted oil smuggling, currency exchange facilities, cash transfers, foreign exchange bureaus, ship registrations, and the use of shell companies as channels Washington intends to shut down.

The threat is not directed solely at Iran. Trump warned that any country or institution providing a "lifeline" to Tehran could face severe economic sanctions. With this approach, the U.S. seeks to expand pressure beyond direct sanctions on Iran to include secondary pressure on parties that maintain economic ties with the country.

Trump reiterated that Iran would not be permitted to possess nuclear weapons and called on U.S. allies to support these economic isolation efforts. This policy expands the "Operation Economic Fury" campaign—underway since April—aimed at squeezing the Iranian government's revenue sources and restricting Tehran's access to the international financial system.

Newsmaker Analysis: The expansion of sanctions against Iran could heighten pressure on the country's oil exports, trade flows, and foreign currency liquidity. For global markets, this policy could keep the oil risk premium elevated, particularly if secondary sanctions deter buyers or shipping companies that still engage with Iran. Escalating tensions could also bolster demand for safe-haven assets like gold, although excessively high oil prices risk reigniting inflation and driving up US bond yields.

Source: Newsmaker.id

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