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      Trump Announces 'Most Severe Economic Actions in History' Against Iran

      PANews reported on August 20, according to CCTV News, on August 19 local time, US President Trump posted on his social media platform "Truth Social" that Iran failed to seize the opportunity to reach an agreement, so he announced the "most severe economic actions ever imposed on any country" against Iran, saying this would be an unprecedented "economic war and economic isolation." Trump said any country that allows its financial institutions, enterprises, airports or government entities to provide support to Iran will face "massive economic consequences." He demanded an immediate halt to oil smuggling, currency swaps, cash transfers, ship registration, and the use of shell companies, and called on US allies to join the US in isolating Iran. Trump reiterated that "Iran will never have nuclear weapons."

      Earlier that day, when asked by reporters at the White House about how Iran would be sanctioned, Trump said, "We have many areas we can sanction. We have very severe sanctions at our disposal. We'll see what happens."


      Source: PANews
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