US Broadens Iran Sanctions Beyond Oil, Sparking Global Pushback

The United States is expanding its economic pressure campaign against Iran, targeting not only its oil sector but also its gold, digital assets, aviation, shipping, and technology industries. This "economic D-Day" approach signals a significant escalation in the Trump administration's strategy to isolate Tehran.

This aggressive stance has drawn sharp criticism and threats of retaliation from key global players, including China and Canada. Beijing has denounced the "illegal" sanctions and pushed back against US efforts to sever Iran's economic lifelines, particularly its oil trade with China. Meanwhile, Canada is testing the limits of American power by finding ways to resist the broad sanctions. The widening scope of these sanctions is creating global economic ripples, impacting industries like aviation, as seen with Qantas reporting lower profits due to increased fuel costs attributed to the conflict.