‘Tremendous costs’: Can Trump stop other countries from trading with Iran?

President Donald Trump reportedly threatened to bomb Oman, a US ally, if the country interferes with US negotiations with Iran. Both the US and Oman have been independently negotiating with Tehran to reopen the Strait of Hormuz, a vital waterway that has been largely closed for six months during the US-Iran conflict. Iranian officials stated they were close to finalizing a deal with Oman, while the future of US-Iran talks remained uncertain as a memorandum of understanding was expiring. Oman, bordering the Strait and asserting neutrality, has been playing a key role in negotiations despite suffering strikes from Iran. The Strait of Hormuz is crucial for global oil and gas transit, with its closure impacting international trade.

A Memorandum of Understanding (MoU) between the US and Iran, signed on June 17 to end a three-month war, is set to expire on Monday with no clear indication of renewal. Both nations accused each other of violating the agreement shortly after its signing. The MoU aimed to halt military operations, lift US sanctions, and facilitate reconstruction aid for Iran, while Iran agreed to clear mines in the Strait of Hormuz and reaffirm its commitment to not seeking nuclear weapons. However, disputes over the agreement's terms and alleged violations by both sides, including continued US attacks and Iran's actions in the Strait of Hormuz, have undermined its effectiveness. Iran's Foreign Minister stated that negotiations with the US have not yet been decided upon, while mediators continue to engage with Tehran.

President Donald Trump has again threatened to bomb Oman if it obstructs his efforts to end the war with Iran. Speaking to Fox News, Trump stated, "If Oman gets in the way, we'll bomb the shit out of them," marking the second such threat directed at the Gulf nation, a US strategic partner and mediator. This statement comes as a diplomatic window for a negotiated settlement with Iran has closed without a final agreement. Trump also indicated he is not in a hurry to reach a deal and suggested Iran should "put up the white flag of surrender." The article notes that Oman, located south of the Strait of Hormuz, has been in talks with Iran over control of the crucial waterway.

US President Donald Trump has announced intensified economic pressure on Iran, threatening "tremendous costs" for any country trading with Tehran. Trump stated this action follows Iran's failure to reach a deal and aims for unprecedented economic warfare and isolation. Iran's Foreign Minister dismissed the threats as a diversion from America's own crises and asserted Tehran has learned to circumvent sanctions. While the US has reimposed sanctions on Iranian oil, impacting exports, Iran's non-oil exports have also declined. Some of Iran's key trading partners include the UAE, China, India, Turkiye, and Germany, though the UAE recently announced a trade embargo on Iran. Analysts suggest US sanctions alone have not always been fully effective.

President Trump has announced a new strategy to economically isolate Iran, threatening "tremendous economic consequences" for any country doing business with Tehran. This shift follows military strikes that failed to bring Iran to the negotiating table and as the US midterm elections approach. The announcement lacks specific details on actions or affected countries, but signals a move away from military pressure towards economic sanctions. Experts suggest this could lead to confrontation with China, Iran's largest trading partner. Iran's economy is already under pressure from existing sanctions, though leaders have adapted. The UAE has suspended trade with Iran following missile detection.

The 60-day deadline for the US and Iran to reach a final agreement expired Monday with no deal announced. President Trump hardened his rhetoric, demanding Iran "put up the white flag of surrender," and the US administration is preparing an unprecedented new phase of economic pressure. This intensified campaign aims to squeeze Tehran financially, with average Iranian oil loadings significantly reduced and the IMF projecting a 5.4% contraction in Iran's economy. Experts note that while this pressure is severe, its ultimate impact depends on whether it reaches the IRGC-linked elite networks that have historically insulated themselves from such turmoil. The US strategy faces the challenge of translating economic pain into political concessions, as past instances show public unrest without necessarily forcing regime concessions.

U.S. President Donald Trump announced on Truth Social that the United States is initiating what he described as the "most crushing economic operation ever taken against any country" against Iran. Trump stated that Iran has failed to reach a deal and will now face "economic warfare and isolation on an unprecedented scale." He also declared that any country trading with Iran, including through financial institutions, businesses, or government entities, will face "tremendous economic consequences." Trump characterized these actions as an "ECONOMIC D-DAY" and called for allies to join the U.S. in isolating Iran. He claimed these measures would "cripple" Iran, which he asserted was "on the ropes."

President Donald Trump has declared that the United States will impose "TREMENDOUS Economic Consequences" on any country that aids or conducts business with Iran. This announcement, made on Truth Social, follows the expiration of a 60-day ceasefire with Iran without a diplomatic or military resolution to the conflict initiated by the US and Israel. Trump stated he was launching "economic D-Day" because Iran had not reached a deal with the US. He warned that countries allowing their financial institutions, businesses, airports, or government entities to support Iran would face severe repercussions, though specific punishments were not detailed. This action appears to be an escalation of "Operation Economic Fury," aimed at sanctioning foreign entities doing business with Tehran.

Oil prices surged, with Brent crude exceeding $90 a barrel for the first time since July 30th, following the expiration of a two-month ceasefire window in the US-Iran conflict. Iran indicated a more aggressive stance if talks failed, while US President Trump demanded Tehran's surrender and threatened to bomb Oman if it interfered with efforts to end the war. Analysts suggest Trump's threat to Oman could signal a shift from temporary to prolonged oil market disruption, especially given the strategic importance of the Strait of Hormuz, through which a significant portion of global seaborne oil passes. Reports also indicated a cargo ship was attacked in the strait, and an Iranian military spokesperson warned of damage to vessels. The rising prices reflect investor expectations of a more extended closure of the strait, with potential for further energy price spikes if Middle East conflict escalates.