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Trump Escalates Iran Threats as U.S. Markets Brace for Fallout

Trump Escalates Iran Threats as U.S. Markets Brace for Fallout

U.S. President Donald Trump escalates Iran threats, warning that he could blow the country’s key oil terminal on Kharg Island to “smithereens” as tensions between Washington and Tehran rise again.  The warning comes at a sensitive moment for financial markets, with U.S. stock futures moving lower and oil prices jumping as investors assess the risks of a wider conflict. The latest escalation followed U.S. military strikes over the weekend on two Iranian rocket launchers on Larak Island, near the strategically important Strait of Hormuz.  According to U.S. Central Command, forces linked to Iran’s Revolutionary Guard were preparing rockets carrying sea mines…
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America’s First Swinging Miss: Trump’s Economic War Against Iran Already Hit US Markets

America’s First Swinging Miss: Trump’s Economic War Against Iran Already Hit US Markets

On Wednesday, U.S. President Donald Trump announced a sweeping new economic campaign against Iran, effectively launching an economic war against Iran, describing it as the “MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY” and accusing Tehran of failing to take an opportunity to reach a deal with Washington. He warned that Iran would face “Economic Warfare and Isolation on an unprecedented scale.”  Yet as Trump attempts to present the confrontation as a demonstration of American strength, its growing economic consequences are increasingly being felt beyond Iran—including in the United States itself.  Trump has also threatened countries whose banks, businesses,…
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