Trump enacts strict sanctions on Tehran
The United States announced its intention to launch an extensive economic war and widespread isolation against Iran, in an attempt to pressure Tehran following the escalation between the two countries since the beginning of the war on February 28. This has led to the closure of the Strait of Hormuz and a rise in global oil prices. U.S. President Donald Trump indicated that strict sanctions would be imposed on countries supporting Iran, warning of significant economic consequences. Meanwhile, China warned that sanctions would not resolve the crisis and called for political and diplomatic solutions. The repercussions are escalating on maritime navigation and energy markets, as negotiations among the involved parties continue to falter. Washington, on the other hand, continues to threaten expanding sanctions, leaving the crisis open to a wide range of possibilities.
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