Iranians described deepening financial hardship and questioned whether economic pressure can change government policy as the dollar climbed toward 2 million rials, setting another record on Sunday.
TEHRAN (Tasnim) – Secretary of Iran’s Supreme National Security Council Mohsen Rezaei warned neighboring countries against joining the US’ economic war against Iran, saying Tehran would consider any country that participates in such efforts an enemy and could target it if it persists.
Morning recap Good morning Middle East Eye readers. If you're just joining us, here are key developments from across the region: • Tehran has warned that any state joining US sanctions against Iran will be considered an enemy, threatening to block oil exports through Hormuz. • US president Donald Trump, meanwhile, again posted an image on his Truth Social account, claiming Hormuz as US territory.
Six EU countries urge windfall tax on energy firms as profits soar due to Iran war Six European Countries are stepping up calls for a bloc-wide windfall tax on oil companies as profits soar due to the Middle East war, according to a letter seen by AFP. The finance ministers of Germany, Italy, Austria, Poland and Portugal, along with Spain's economy minister, sent the joint letter to the finance minister of Ireland, which holds the current EU presidency. "Oil companies are enjoying overall profitability and margins on refined products that exceed the rise in crude oil prices," it read.
Hardliner Mohsen Rezaei also threatens American economic interests in first interview since appointment to supreme national security council The new leader of Iran’s top security body has warned its neighbours against joining new US efforts to squeeze Tehran’s economy, and threatened US commercial interests in the region, as Donald Trump doubled down on his fanciful view that the strait of Hormuz was a new US territory. Mohsen Rezaei, the hardline new leader of Iran’s supreme national security council, told state television that Iran would target oil-shipping routes out the Gulf – alternatives to the strait of Hormuz – if its neighbours joined what he called the “economic war” waged by the US. Those neighbours would be “considered an enemy” and “we will target their interests”, he said.
Six member states reportedly want energy companies benefiting from soaring prices to help ease the cost-of-living burden Six EU nations want the bloc to introduce a windfall tax on oil companies' "excessive profits" linked to price hikes caused by the US-Israeli war on Iran, several m
Tehran [Iran], August 23 (ANI): Iran's Secretary of the Supreme National Security Council (SNSC), Mohsen Rezaei, on Saturday (local time) warned neighbouring countries against joining the United States' economic campaign against Tehran, saying such participation would lead Iran to consider them enemies.
Residents in Tehran are experiencing the effects of the “economic D-Day” that President Trump threatened against Iran on Wednesday.
Iran threatens to block Hormuz if neighbours join US sanctions Tehran would target the interests of countries that help the United States in its economic pressure campaign against Iran , the secretary of Iran's Supreme National Security Council, Mohsen Rezaei, stated on Saturday. "We are telling all nearby countries not to join the US economic war, otherwise we will consider them as enemies," Rezaei said, speaking to state television. He claimed that Trump had been persuaded by Netanyahu to wage an economic war on Iran, saying "The enemy is counting on division and disagreement," while Iran remained "unified.
US 'economic terrorism' will not break people's will: Iranian Vice President Iran's First Vice President Mohammad Reza Aref said on Saturday that the government will not allow what he called "America's economic terrorism" to undermine the country's economic stability and people's livelihoods. “The experience of the Islamic Revolution has shown that economic pressure is incapable of altering the will of the Iranian nation and instead yields the opposite result,” Aref said in a post on X. His remarks came after US President Donald Trump announced new sanctions against Tehran, describing the move as "the most crushing economic operation” against Iran.
DUBAI/WASHINGTON: Iran said on August 21 that it would respond "crushingly" to any new U. S. threats after Washington said it planned to impose the toughest financial penalties in history in an effort to topple the Iranian leadership.
South Korea has begun a trial voyage via the Northern Sea Route amid disruption to traditional shipping lanes South Korea has launched its first trial container ship voyage to Europe via the Northern Sea Route (NSR), as disruption to traditional shipping lanes drives growing interest in Russia's Arctic trade corridor.
New posts 09:49 Tehran Rejects 'Unprecedented' Sanctions Proposed By US Tehran has dismissed Washington's latest plan for crushing economic sanctions that US President Donald Trump described as "unprecedented" and "economic D-day" for the regime, which is already struggling to arrest the price hike and devaluation of the currency.
TEHRAN (Tasnim) – The Iranian Foreign Ministry’s spokesperson warned that the US’ latest sanctions against Iran go beyond economic pressure on Tehran, arguing that they amount to an attempt to impose US authority on sovereign states around the world.
TEHRAN (Tasnim) – Iranian Foreign Minister Abbas Araqchi dismissed Washington’s latest threat of tougher sanctions against Tehran, saying the new economic pressure campaign is destined to fail just as previous US sanctions efforts have.
US sanctions 'declaration of war on all nations', Iran says Iran’s foreign ministry spokesperson, Esmaeil Baghaei, says new US sanctions against Iran amounted to a “declaration of war” on all countries and went beyond “an illegal economic war against a single nation”, according to Iran’s Fars news agency. Baghaei said: “The announcement of new sanctions represents an attempt by the United States to exert extraterritorial sovereignty over all independent UN member states. ” “No government has the right to force foreign banks, enterprises, or airports, each operating under the exclusive jurisdiction of their own sovereignty, to refrain from engaging in legitimate trade with a third country.
Tehran [Iran], August 22 (ANI): Iran on Saturday slammed the latest economic sanctions announced by the United States, calling them arbitrary and saying they have no basis in international law and violate the principle of sovereign equality enshrined in the UN Charter. The remarks were made by Esmaeil Baqaei, spokesperson for Iran's Ministry of Foreign Affairs, in a post on X on Saturday.
Tanker traffic at Saudi Arabia's Yanbu port falls by a third, report says Tanker traffic at Yanbu, Saudi Arabia's main Red Sea oil terminal, has fallen by more than a third since Yemen’s Houthis announced a blockade of Saudi vessels through the Bab al-Mandeb strait on July 20, Lloyd's List Intelligence reports. To deal with the blockade, Saudi energy giant Aramco relies on a three-part operation to ship crude: shuttle tankers carry crude from Yanbu to Egypt’s Ain Sukhna, the SUMED pipeline pipes it across to Egypt’s Mediterranean port of Sidi Kerir, and vessels reload there for onward delivery, according to the report. While the route keeps Saudi crude flowing, it requires more tankers and adds weeks to voyages for Asian buyers.
Georgia declines to join new EU sanctions against Iran Georgia has declined to join the European Union’s latest sanctions against Iran, saying its foreign policy decisions are guided by national interests, Iran’s state news agency, IRNA, reported. Tengiz Sharmanashvili, a representative of Georgia’s ruling Georgian Dream party in parliament, said Tbilisi decides whether to back international measures based on whether they serve Georgia’s interests at a particular time. “If a decision conflicts with Georgia’s interests, it simply does not matter to us whose interests it serves,” he said, according to IRNA.
Warnings from senior Iranian officials about the cost of prolonging the war are increasingly converging with Washington’s central pressure point: whether Iran can economically sustain the conflict.
