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Trump administration announces ‘economic D-day' sanctions on Iran Al JazeeraBessent unveils sweeping campaign of sanctions and pressure against Iran The Washington PostDollar Gains as US Plan to Cut Off Iran Spurs Haven Demand Bloomberg.comUS threatens countries doing business with Iran, but holds off on penalties for now Reuters
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What matters more for oil prices is how hard U.S. sanctions hit China, Iran's biggest oil buyer, and whether Beijing pushes back.
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Trump hits back at Carney, threatens to hike auto, truck, metals tariffs to 50% NBC NewsEscalated U.S.-Canada trade talks threaten fallout Axios‘We Don't Need Canada': Trump Escalates Trade War With Threat of 50% Auto Tariffs Time MagazineShapiro on Canada tariffs: Trump chooses ‘chaos and cruelty' The HillLive updates: Trump administration plans to announce new sanctions against Ir
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The Trump administration calls this "economic D-Day" on Iran. Iran vows to respond to fresh sanctions in a "seismic manner."
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The treasury secretary said Trump is contacting other world leaders to demand support for the "economic asphyxiation" of the Iranian regime but gave no deadline for action.
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