Who does Iran trade with and what could Trump's 'economic D-Day' mean?
Summary
The US has launched a major economic attack, called "economic D-Day," aimed at putting pressure on Iran during its conflict with Israel. Iran says it is ready for the sanctions, and many experts believe Iran’s strong trade links with countries like China, Turkey, Pakistan, and Armenia will limit the impact of US sanctions.Key Facts
- The US calls its latest sanctions on Iran "the single greatest financial offensive ever."
- Iran has faced US sanctions almost continuously since 1979.
- China buys about 27% of Iran’s exports and opposes the US sanctions.
- Turkey, a NATO member, trades heavily with Iran but must balance its relations with the US.
- Pakistan, another neighbor of Iran, is a big trading partner but also closely tied to the US and acts as a mediator in talks with Iran.
- Smuggling of Iranian oil into Pakistan has increased, making border control difficult.
- Armenia also trades with Iran and has strong ties to Russia.
- Experts say Iran’s trade connections with these countries reduce the effectiveness of US sanctions.
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