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๐Ÿ‡บ๐Ÿ‡ธ United States /Economy & Trade

Iran Touts Trade Ties with Oman Amid U.S. 'Economic Warfare'

From CBS News · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

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  • Iran finalized a preferential trade agreement with Oman amid U.S. economic pressure, aiming to bolster regional trade ties.
  • Iranian officials frame the trade pact as a response to "unjust sanctions" and "economic warfare" by the U.S.
  • Iran's military chief warned of a "devastating" response to any threats, while the acting defense minister linked national security to economic stability.

Iran has finalized a preferential trade agreement with Oman, signaling a strategic move to strengthen economic ties with regional partners amidst escalating U.S. pressure. This development comes as President Trump has threatened to impose severe economic sanctions on the Islamic Republic, which Iranian officials have characterized as "economic warfare."

the most effective tool that we have is the economic pressure that we can apply

โ€” JD VanceU.S. Vice President Vance described the U.S. strategy towards Iran.

Iranian officials are framing the trade pact as a direct response to what they describe as "unjust sanctions" wielded by the United States. Parliament Speaker Mohammad Bagher Ghalibaf, speaking to Iranian and Iraqi businesspeople in Baghdad, urged neighboring nations to enhance economic cooperation to counter these sanctions. He emphasized the need for mechanisms to withstand sanctions and reduce reliance on the U.S. dollar, stating that enemies seek to plunder the resources of Muslim countries.

now the soldiers and commanders of this battlefield.

โ€” Mohammad Bagher GhalibafIran's Parliament Speaker addressed Iranian and Iraqi businesspeople in Baghdad, framing their role in countering economic pressure.

In parallel, Iran's military leadership has issued strong warnings against potential adversaries. Major General Abdolrahim Abdollahi, Chief of Staff of the Armed Forces, declared the military's readiness for a "devastating" response to any conventional or emerging threats. He highlighted the armed forces' comprehensive readiness across multiple domains and cautioned against any "miscalculation" by Iran's enemies, promising "crushing, regret-inducing, and devastating" retaliation.

unjust sanctions

โ€” Mohammad Bagher GhalibafDescribing the U.S. sanctions against Iran.

Acting Defense Minister Brigadier General Seyed Majid Ibn al-Reza underscored the intrinsic link between national security and economic stability. He asserted that Iran's defense industry has become a cornerstone of its national security and deterrence strategy, crucial for safeguarding the nation against external threats.

the country's military was prepared to deliver a "devastating" response to any conventional or emerging threat from its adversaries.

โ€” Major General Abdolrahim AbdollahiIran's Chief of Staff of the Armed Forces issued a warning regarding military readiness.
DistantNews Editorial

Originally published by CBS News in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.