 "US weaponising economy: Tehran slams Trump’s sanction move to ‘dictate’ his will on Iran, India")
After the United States announced the latest round of sanctions on the trade of Iranian oil, Iran on Thursday accused the Donald Trump administration of weaponising the economy and using sanctions as a tool to impose the American will on other nations.
The Trump administration on Wednesday sanctioned more than 50 entities and persons for the trade of Iranian oil.
The entities and persons sanctioned are part of the vast shipping empire controlled by Mohammad Hossein Shamkhani, the son of Ali Shamkhani, a top political advisor to Iran’s Supreme Leader Ayatollah Khamenei, the US Department of Treasury said in a statement.
Hossein has leveraged corruption through his father’s political influence at the highest levels of the Iranian regime to build and operate a massive fleet of tankers and containerships and this network transports oil and petroleum products from Iran and Russia, as well as other cargo, to buyers around the world, generating tens of billions of dollars in profit, the Treasury Department further said.
There were at least six Indian entities or persons among those sanctioned by the United States.
Notably, the sanctions, including on Indian entities and persons, came on the same day Trump slapped India with 25 per cent tariff and threatened with additional penalties over the trade with Russia.
‘Modern form of economic imperialism’
With the latest round of the sanctions, the United States has continued to weaponise the economy and use sanctions as tools to dictate its will on independent nations such as Iran and India and impede their growth and development, the Iranian embassy in India said in a statement on X.
The United States has slapped wide-ranging sanctions on Iran over the regime’ nuclear programme. While those sanctions were lifted after Iran signed the nuclear deal in 2015, Trump withdrew the United States from the deal in 2018 and pivoted to a ‘maximum pressure’ strategy wherein he maximised sanctions on Iran with the intention to bring the nation to the negotiating table.
The Iranian statement further said, “These coercive discriminatory actions violate the principles of international law and national sovereignty, representing a modern form of economic imperialism. Resisting such policies is a stand for a more powerful emerging non Western-led multilateral world order and a stronger Global South.”
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