Trump threatens Iran’s partners: How do secondary sanctions work?
The United States has announced a slew of new economic sanctions against Iran and threatened countries it trades with, aiming to choke Tehran’s economy as the months-long conflict remains deadlocked. At least 60 entities across the Middle East, Asia and Europe have been targeted in the latest sanctions as part of the economic pressure campaign that could further disrupt energy markets and rattle the global economy.
Why It Matters
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Key Facts
- Fact 1: At least 60 entities across the Middle East, Asia and Europe have been targeted in the latest sanctions as part of the economic pressure campaign that could further disrupt energy markets and rattle the global economy.
- Fact 2: The US-Israel war launched on February 28 has already resulted in a spike in oil prices and disruption in global supply chains due to the blockade of the Strait of Hormuz, through which a fifth of global oil and gas previously passed.
- Fact 3: Why would I want to blow up the global financial system?” Bessent’s latest statements are a follow-up to US President Donald Trump’s Truth Social post on August 19, where the president announced what he called the “most crushing economic operation” against Iran.
- Fact 4: In 2017, Trump’s first administration authorised the Countering America’s Adversaries Through Sanctions Act (CAATSA), targeting Iran, Russia and North Korea.
The United States has announced a slew of new economic sanctions against Iran and threatened countries it trades with, aiming to choke Tehran’s economy as the months-long conflict remains deadlocked. At least 60 entities across the Middle East, Asia and Europe have been targeted in the latest sanctions as part of the economic pressure campaign that could further disrupt energy markets and rattle the global economy.
The US-Israel war launched on February 28 has already resulted in a spike in oil prices and disruption in global supply chains due to the blockade of the Strait of Hormuz, through which a fifth of global oil and gas previously passed. In this explainer, we break down how secondary sanctions work, and when the US has used them in the past. What has the US threatened Iran’s trading partners with?
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: Al Jazeera
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