The tension in West Asia is not subsiding. There may have been a ceasefire between America and Iran after a fierce military confrontation that lasted for more than a month, but the war has now reached a new front. Instead of bullets and missiles, the use of economic weapons has intensified. The Donald Trump administration has prepared a new strategy of tough economic sanctions to break the back of Iran. From Iran’s oil business to the global banking network, efforts are being made to close every avenue, so that all-round pressure can be created on Iran.
Amidst this increasing tension, Donald Trump’s administration has made its stand clear that it is preparing to impose more stringent sanctions on Iran. This may also include action against countries and banks that are involved in Iran’s oil business. US Finance Minister Scott Besant said that this step is being taken under Operation Economic Fury. He says that for the last one year, maximum pressure is being put on Iran.
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Understand what is the new strategy?
Understand this that America is now asking those countries which have money related to Iran to take strict action. In particular, there is a demand to freeze funds related to the Islamic Revolutionary Guard Corps and the Iranian leadership. In such a situation, America has clearly warned that if any country buys Iranian oil or keeps its money in its banks, then secondary sanctions i.e. indirect sanctions can be imposed on it.
Also warned Chinese banks
Apart from this, the US Finance Ministry said that some Chinese banks have already been warned. If any transaction of Iranian money is found through them, action will be taken against them also. The US has also said that it will not extend the general exemption (license) related to Iran’s oil. This means that it will become more difficult for Iran to earn money by selling oil.
impact of regional conditions
It is worth noting that America says that due to some recent activities of Iran, especially tensions with neighboring Gulf countries, many countries have also become alert and are keeping a closer eye on money transactions. White House Press Secretary Carolyn Levitt said that these steps are being taken to achieve America’s long-term security goals.