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Trump's plan to launch a severe economic campaign against Iran is the largest of its kind to date. It comes amid setbacks in efforts to reopen the Strait of Hormuz and reach an agreement to end the ongoing war that has lasted for about six months. The plan includes imposing strict sanctions on Tehran, along with warnings to countries that support Iran of facing significant economic repercussions. It also calls for halting oil smuggling, cash transfers, and the operations of shell company ships. China remains Iran's biggest trading partner, despite limited trade with Europe due to sanctions.
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