Washington Turns Up Pressure on Iran — But China and the UAE Face Crucial Choice

Washington has announced the launch of an unprecedented financial campaign that will target not only Tehran but also its key trading partners in Asia. Trump Declares Economic War on Iran US President Donald Trump has announced the start of the "most devastating economic operation in history” against Iran. Trump called the escalation an "economic D-Day” aimed at completely isolating Iran and directly demanded the "immediate” end of oil smuggling, currency transactions, front-company operations, money transfers and vessel registrations supporting Iran.