Trump escalates economic war on Iran with crushing sanctions and oil blockade, betting financial pressure can force Tehran to accept US terms.

The announcement extends a pressure campaign the Trump administration has waged since April under the banner Operation Economic Fury.

WASHINGTON: US President Donald Trump said Wednesday he was launching a major new campaign to target Iran’s economy, threatening “tremendous” punishment on any country that helps…

Iran's Foreign Minister, Abbas Araghchi, dismissed Mr Trump’s latest threats in a post on X.