00:00It's Benzinga bringing Wall Street to Main Street
00:02President Trump threatened what he called the most crushing economic operation ever
00:06taken against any country — against Iran — warning that nations helping Tehran evade
00:11sanctions could face severe financial penalties, according to CNBC.
00:16Trump said the campaign would target oil smuggling, currency swaps, cash transfers, exchange houses,
00:22ship registries, and front companies as part of an effort to isolate Iran economically.
00:26Iran's Foreign Minister Syed Abbas Araqchi rejected Trump's economic D-Day threat and
00:33accused Washington of pursuing failed policies and economic terrorism that could threaten
00:38the global economy and other countries' sovereignty.
00:41The announcement came after the United Arab Emirates suspended trade and financial dealings
00:46with Iran.
00:47Brent crude rose 0.5% to $92.09 per barrel, while U.S. stock futures pared earlier gains.
00:55Thanks.
00:55For all things money visit Benzinga.com.
00:58All things money visit Benzinga.com
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