Iran touts its trade ties as U.S. turns from bombs to economic warfare
Summary
Iran has signed a trade agreement with Oman to boost regional economic ties amid increasing U.S. sanctions. Iranian leaders say the U.S. is using economic pressure as a new form of warfare, and they call for closer cooperation with neighboring countries like Iraq to resist these sanctions.Key Facts
- Iran finalized a preferential trade agreement with Oman to strengthen economic relations.
- President Donald Trump has threatened an "economic D-Day" against Iran.
- U.S. officials, including Vice President JD Vance and Treasury Secretary Scott Bessent, support increasing economic pressure on Iran.
- Iran’s parliament speaker urged Iran and Iraq to cooperate economically to withstand U.S. sanctions.
- Iran wants to reduce reliance on the U.S. dollar by using national currencies for trade.
- Iran’s military chief warned of a strong response to any conventional or emerging threats.
- Iran links national security closely with economic strength and resilience against sanctions.
- Iranian officials describe U.S. tactics as shifting from military conflict to economic and "cognitive" warfare.
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