Who does Iran trade with and what could Trump's 'economic D-Day' mean?
As the US prepares for a new wave of economic sanctions against Iran, analysts are examining the effectiveness of such measures given Iran's established trade ties with countries like China. The US government describes the move as an 'economic D-Day' intended to end the ongoing conflict.
Why it matters
The effectiveness of US sanctions is a major point of contention in global economic policy and the success of foreign intervention strategies.
Image source, Majid Saeedi/Getty Images By Mitchell Labiak Business reporter Published 40 minutes ago The US has said "the single greatest financial offensive ever" will help it and Israel end their ongoing war with Iran.
However, Iran has shrugged off President Donald Trump and his Treasury Secretary Scott Bessent's warning, saying it is "fully prepared" for the sanctions.
Iran is no stranger to US sanctions. The regime has been under near continuous American economic pressure since the Islamic Revolution of 1979.
In that time, it has developed deep trade ties with several countries which either have a history of ignoring US sanctions themselves or cannot afford to stop trading with Iran.
As a result, many economists argue that Washington's latest move will have a limited impact.
So, who does Iran trade with? And could what the US has called an "economic D-Day" have any real impact on Iran?
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in