US President Donald Trump has signed an executive order that threatens to impose tariffs on countries trading with Iran, unless they agree to stop doing business with the country. The tariff rate could be as high as 25% and would apply to all goods imported into the US from any nation that "directly or indirectly purchases" products from Iran.
The move comes after talks between senior US and Iranian officials in Oman, which were seen as a positive step towards resolving tensions between the two countries. However, Trump remains firm on his stance that Iran's nuclear program is a major concern for the US.
Iran has consistently denied accusations by the US and its allies that it is seeking to develop nuclear weapons. The country's Supreme Leader Ayatollah Ali Khamenei has vowed to continue pursuing nuclear enrichment in defiance of international pressure.
The US has already imposed significant sanctions on Iran, which have had a devastating impact on the country's economy. Trump has threatened to take further action if his demands are not met.
The move is also seen as a response to Iran's recent behavior, including its support for terrorism and ballistic missile development. The US has accused Iran of breaching international restrictions on nuclear enrichment and using advanced centrifuges to enrich uranium.
Despite the tensions, there are still more than 100 countries that trade with Iran, with China being the country's biggest export partner. The move could have significant implications for global trade and the economy, particularly in regions such as the Middle East where the US has a significant military presence.
The White House has stated that the executive order is aimed at "holding Iran accountable" for its actions and would be modified if circumstances change. Trump has said that he would be prepared to strike Iran if his demands are not met, but this remains to be seen.
The move comes after talks between senior US and Iranian officials in Oman, which were seen as a positive step towards resolving tensions between the two countries. However, Trump remains firm on his stance that Iran's nuclear program is a major concern for the US.
Iran has consistently denied accusations by the US and its allies that it is seeking to develop nuclear weapons. The country's Supreme Leader Ayatollah Ali Khamenei has vowed to continue pursuing nuclear enrichment in defiance of international pressure.
The US has already imposed significant sanctions on Iran, which have had a devastating impact on the country's economy. Trump has threatened to take further action if his demands are not met.
The move is also seen as a response to Iran's recent behavior, including its support for terrorism and ballistic missile development. The US has accused Iran of breaching international restrictions on nuclear enrichment and using advanced centrifuges to enrich uranium.
Despite the tensions, there are still more than 100 countries that trade with Iran, with China being the country's biggest export partner. The move could have significant implications for global trade and the economy, particularly in regions such as the Middle East where the US has a significant military presence.
The White House has stated that the executive order is aimed at "holding Iran accountable" for its actions and would be modified if circumstances change. Trump has said that he would be prepared to strike Iran if his demands are not met, but this remains to be seen.