RESOLVING THE LEDGER
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See the full story · 10 sourcesUS President Donald Trump issued his latest threat in the war with Iran, vowing to impose “tremendous economic consequences” on countries that do business with Iran.
Trump has launched a severe economic campaign against Iran, combining sanctions, a naval blockade, and threats to cripple Iran’s economy without seeking full-scale war. Iran remains resilient despite economic pain and military strikes, emboldened by US reluctance to escalate and supported by key partners like China. The US faces political and strategic challenges, including upcoming elections, high gas prices, limited leverage on China, and uncertainty over Iran’s possible military responses. AI generated
WASHINGTON – US Treasury Secretary Scott Bessent tried to reassure investors worried about the pressure campaign on Iran on Aug 20, declaring that a resumption of “large-scale” fighting was unlikely.
The problem for the Trump administration is that Iran was also listening.
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