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President Trump Announces Major Economic Sanctions Against Iran to Secure the Strait of Hormuz

The administration announced a series of new economic sanctions against Iran, aiming to achieve what President Trump described as the "most crushing economic operation ever taken against any country." These measures follow the collapse of a 60-day negotiation deadline for a deal on the Strait of Hormuz, a vital waterway that has been a primary flashpoint in the ongoing six-month war between the US, Israel, and Iran. President Trump stated that the US Navy has successfully removed or detonated all mines in the strait, notifying Iran that any new mines placed will be systematically destroyed. While Iran has retaliated with strikes and a blockade, the administration's new sanctions target global financial links, including the Singapore-based Wellbred Capital. China has expressed opposition to the unilateral sanctions, warning that it will safeguard its own interests. Meanwhile, regional allies like Oman and Pakistan are seeking practical arrangements to restore safe navigation in the waterway, which has seen 68 confirmed incidents and at least 20 seafarers allegedly killed by Israeli forces and other regional actors.

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