AGP Executive Report
Last update: 5 hours agoEconomic Warfare Escalation: The US is preparing “economic D-Day” and “toughest sanctions in history” against Iran, with Treasury chief Scott Bessent promising details Monday as Washington warns any country offering Iran a “lifeline” could face penalties. Iran’s Retort: Tehran calls the campaign “economic terrorism,” says it will respond “devastatingly,” and argues the US has shifted from military failure to economic and “cognitive” pressure. Oil & Trade Pressure: Reuters reports Iranian crude offers to China have fallen sharply as the US blockade restricts exports; Chinese imports drop and some refiners seek alternatives, while oil prices stay supported by Hormuz disruption fears. Regional Currency Push: Iran’s parliament speaker Mohammad Bagher Qalibaf urges Iran and Iraq to expand trade using national currencies to cut dollar reliance, warning hunger and economic strain threaten stability. Diplomatic Pushback: China rejects joining US sanctions, saying dialogue is the solution and pressure won’t resolve the crisis. Business Impact at Home: Iranian families report rising hardship as unemployment climbs and sanctions tighten, with food and medicine costs outpacing wages. Markets Watch: Global bond-market jitters and higher yields are feeding risk caution, while crude volatility keeps investors on edge.
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