United States pressure on Iran is extending from the maritime blockade to the financial and trade dimension. The United States Secretary of the Treasury, Bensont, stated that Washington would take “unprecedented” economic measures, while Trump threatened to impose a 25 per cent tariff on countries that purchase Iranian goods or services.
Pressure shift to financial systems
This means that United States pressure on Iran is no longer confined to the situation around the Strait of Hormuz, but is beginning to shift more towards the financial system and cross-border trade. Should the relevant measures land, Iran ' s main trading partners may face greater pressure, as well as energy, shipping and cross-border settlements.
Iran seeks to join BRICS
Faced with continued pressure from the United States, Iran is trying to strengthen its financial ties with the BRICS countries. Hemati, President of the Central Bank of Iran, stated that Iran would soon join the BRICS New Development Bank and was seeking bilateral and trilateral monetary cooperation with member States.
According to Iranian media reports, Hemati is currently in India in preparation for the BRICS summit next month. For Iran, joining this multilateral financial institution would help to find more room for financing and settlement outside the United States dollar system.
Tariff threats spill over to trading partners
The 25 per cent tariff threat proposed by Trump covers any country that directly or indirectly purchases Iranian goods or services. The market concern is that this expression could affect economies with which Iran has trade relations, especially their main trading partners.
If the United States further expands implementation, relevant national enterprises may face higher costs in energy procurement, payment arrangements and supply chain options. For global markets, such policy signals are often first reflected in oil prices, shipping expectations and volatile venture assets.
The U.S. stock continues to grow and oil prices are rising.
The United States stock market continued to move against a backdrop of continuing geo-risk. On Thursday, the 500 scale was 7798.99 points, and the income-generating portfolio was high; the NASDAQ index rose by 0.81 per cent, reporting 26803.03 points. Most of the Asian stock market has followed the US share technology block.
On the oil market, Brent crude oil and US WTI crude oil rose by more than 1 per cent on average that day, to US$ 87.95 and US$ 82.15 per barrel, respectively. Despite the continued strength of the stock market, energy prices continue to demonstrate the continued pricing of the situation in the Middle East and supply risks.
Additional information:The report also mentions that the United States carrier George Washington is travelling to the Middle East to succeed Abraham Lincoln, who has been deployed for more than 250 days, indicating that the United States military presence in the area continues.