It seems that the White House is very serious in its intention to stifle the entire Iranian economy, including the metallurgy and oil sector, and President Trump's words that the new sanctions on Tehran are the toughest sanctions ever imposed. , is not empty rhetoric.
For fear of losing the huge American market, many large European companies have already ceased operations in the Islamic Republic. EU trade with Iran, at best, will continue at the level of small and medium-sized businesses, which for Iran means the actual loss of the European market.
In addition to the goal of zeroing Iranian oil exports, Washington also took on Iran's immediate neighbors, including Turkey and Iraq, which are among Tehran's top trading partners, to block trade ties with Tehran as much as possible.
A week ago, Iraqi Prime Minister Haider al-Abadi was supposed to demonstrate the art of compromise after US State Department spokesman Heather Nauer warned him against violating the sanctions against Iran and that otherwise Iraq itself risks being sanctioned.
Given what is currently happening, this could have serious implications for Iraq.
Despite the small volume of trade between Armenia and Iran, she also received a message from Washington.
Recently, US Ambassador to Armenia Richard Mills notified Armenian businessmen intending to do business with Iran that they were to meet with the US Embassy before entering into any deals with Iranian companies to avoid falling under secondary sanctions, Armenian media reported.
In addition, the Armenian Foreign Ministry stated that the specific dates of the official visit of Prime Minister Nikol Pashinyan to Tehran have not yet been determined. This is nothing short of good news for Armenia, local media said.
Turkey is also under strong US pressure. Washington is pushing for Turkey to join sweeping sanctions against Iran.
Ankara rejected US demands: "Iran is both our neighbor and our strategic partner, and severing ties with Tehran over America's whim is contrary to Turkey's understanding of sovereignty," Turkish President Erdogan said at the end of July.
Turkey's refusal to join anti-Iranian sanctions sparked anger in Washington, after which attempts were made to apply punitive measures against Ankara.
Finally, a few days ago, the Iranian financial tribune, citing Al-Bawaba, reported that the latest US sanctions against Iran are forcing many Iranian businesses in the United Arab Emirates, which have recently become a major trading center for Iranian goods�
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Metallurgy news
- 24 July 2026
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