US Urges Allies And China To Back Economic War On Iran
· World · The Hindu, NDTV, France 24
The United States warned allies and China on Thursday to join President Donald Trump's new campaign to isolate the Iranian economy, with Treasury Secretary Scott Bessent vowing to collapse the regime in Tehran. Speaking as the regional conflict approaches the six-month mark, Washington is shifting from military to intense economic pressure. The Iranian Foreign Ministry slammed the threats as economic terrorism and crimes against humanity. Meanwhile, the Vatican expressed serious concerns regarding the implementation of a US-brokered deal between Israel and Lebanon following a meeting between Pope Leo XIV and Lebanese President Joseph Aoun in Vatican City. In domestic markets, gold prices in New Delhi rose by ₹4,300 to reach a three-month high of ₹1.62 lakh per 10 grams, while silver surged by ₹10,000 on Thursday.
Why it matters
Escalating economic sanctions against Iran and implementation hurdles in the Israel-Lebanon deal heighten geopolitical instability, driving investors toward safe-haven assets like gold.
Read the original report — The Hindu
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