Trump warns of economic penalties for countries backing Iran
Reports have confirmed that U.S. President Donald Trump threatened to impose massive economic consequences on any country that supports Iran, as part of an escalation of the American campaign against Tehran. He warned against providing a "lifeline" to Iran through its financial institutions, companies, or government entities. This comes amid rising tensions in the Gulf region and ongoing conflict that has lasted several months. The statements are made amidst U.S. efforts to end the war that broke out approximately six months ago, despite previous ceasefire agreements failing. Global markets have experienced shocks due to Iran's control over the Strait of Hormuz, through which about one-fifth of the world's oil trade passes. There are also potential threats from Iran to attack American targets in Europe, amid military moves across the region.
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