Shadow of sanctions: How Trump's Iran ultimatum hits China, India, and global energy
New Delhi, Aug. 22 -- US President Donald Trump's threats to Iran and Oman, US debt hitting a record $40 trillion, and Pakistan's former prime minister getting medical attention via court orders were among the key headlines in focus this week.
First, Trump threatened Iran with economic sanctions on social media, warning of "tremendous economic consequences" for any country assisting or doing business with Tehran-a move with clear implications for China and India. This follows treasury secretary Scott Bessent's warning last week of "never before seen" measures to pressure Iran.
It is perhaps the clearest sign that Iran is following its own script regarding the opening of the Straits of Hormuz and the nuclear issue, neither of which suits...
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