• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Trump hits Iran’s pocketbook as he dangles a carrot in Middle East speech

by May 13, 2025
written by May 13, 2025

The Trump administration sanctioned nearly two dozen firms operating in Iran’s illicit international oil trade, as President Donald Trump delivered remarks in the Middle East – tempting the Islamic Republic with a ‘much brighter future’ should it come to a nuclear agreement with the United States. 

The sanctions, announced by the Treasury Department’s Office of Foreign Assets Control Tuesday, target firms that operate in Iran’s oil trade. 

Officials said the Iranian government allocates billions of dollars worth of oil annually to its armed forces to supplement budget allocations, underwriting the development of ballistic missiles and unmanned aerial vehicles, and financing regional terrorist groups. 

Treasury Department officials said Iran’s Armed Forces general staff and its main commercial affiliate, Sepehr Energy Jahan Nama Pars Company, continue to establish front companies and rely on buyers and facilitators to enable their sanctioned oil trade. 

Sepehr Energy often carries out its oil shipments through a series of ‘deals’ between multiple front companies that it owns or controls, according to the Treasury Department, creating the ‘illusion of non-sanctionable trade between separate entities.’ 

‘Many of the entities involved in Sepehr Energy’s oil shipments are part of an elaborate system of oil smuggling and money laundering, directly controlled by or acting on behalf of Sepehr Energy,’ the Treasury Department said, adding that it also controls Hong Kong-based front companies and uses them to’broker and receive shipments of Iranian oil delivered to independent so-called teapot refineries in China.’  

The sanctions came shortly after Trump delivered a speech in Riyadh, Saudia Arabia, urging Iran to take a ‘new and a better path.’ The Trump administration is in talks with Iran for a new nuclear deal. 

The president, during his speech, though, warned of ‘massive maximum pressure’ if Iran does not come to an agreement. 

‘As I have shown repeatedly, I am willing to end past conflicts and forge new partnerships for a better and more stable world, even if our differences may be profound,’ Trump said. ‘If Iran’s leadership rejects this olive branch… we will have no choice but to inflict massive maximum pressure, drive Iranian oil exports to zero.’

‘Iran can have a much brighter future, but we will never allow them to threaten America and our allies with terrorism or a nuclear attack,’ Trump said. 

Trump had announced a 60-day time frame to reach an agreement with Iran over its illegal atomic weapons program. The first U.S. negotiating session with Iran commenced April 12. 

Trump’s special envoy Steve Witkoff met with Iranian officials for a fourth round of nuclear talks over the weekend. 

The nuclear talks were ‘difficult but useful,’ Iranian Foreign Ministry spokesperson Esmail Baghaei said. A U.S. official, speaking on condition of anonymity to discuss the closed-door negotiations, offered more, describing the talks as being both indirect and direct, The Associated Press reported.

An ‘agreement was reached to move forward with the talks to continue working through technical elements,’ the U.S. official said. ‘We are encouraged by today’s outcome and look forward to our next meeting, which will happen in the near future.’

The Trump administration has said the flawed 2015 Obama-era Joint Comprehensive Plan of Action (JCPOA), also known as the Iran nuclear deal, did not prevent Iran from building an atomic bomb. 

Before leaving for his trip to the Middle East, Trump reiterated his stance on Iran’s nuclear goals. 

‘You can’t have a nuclear weapon, but I think that they are talking intelligently,’ Trump said. ‘We’re in the midst of talking to them, and they’re right now acting very intelligent. We want Iran to be wealthy and wonderful and happy and great, but they can’t have… nuclear weapons. Very simple. So I think they understand that.’

A day before the start of talks, Iranian Supreme Leader Ali Khamenei welcomed chants of ‘Death to America’ in Iran’s capital, Tehran. 

‘Your judgment is right,’ Khamenei told a crowd of supporters who called for the destruction of the U.S.

The Associated Press contributed to this report. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
McDonald’s announces plan to hire 375,000 employees this summer
next post
Saudis deploy mobile McDonald’s for Trump’s trip to the kingdom

related articles

Trump pushes ‘Big, Beautiful Bill’ as solution to...

June 3, 2025

Trump administration open to allowing Iran to continue...

June 3, 2025

Schumer, Democrats plot coordinated resistance to Trump’s ‘one...

June 2, 2025

‘Squad’ members condemn antisemitic attack in Boulder after...

June 2, 2025

Tariff fight escalates as Trump appeals second court...

June 2, 2025

SCOOP: House Freedom Caucus draws battle lines as...

June 2, 2025

Foreign nationals charged amid Trump visa crackdown for...

June 2, 2025

GOP senator demands FBI probe Biden-era vetting process...

June 2, 2025

Sens Fetterman and McCormick show Washington how to...

June 2, 2025

Trump admin asks SCOTUS to allow it to...

June 2, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • RFK Jr nomination to serve as Trump’s Health secretary clears key hurdle in Senate

    February 12, 2025
  • Democrats don’t need a ‘left-wing’ Joe Rogan, they need to win back the real one

    May 25, 2025
  • Gaza protesters plague Harris rallies: ‘Wish I Could Vote For U’

    October 31, 2024
  • US flies joint patrol with the Philippines near shoal region guarded by China

    February 4, 2025
  • UN prepping for spending cuts as DOGE roots out waste in US, internal docs show

    March 7, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,766)
  • Investing (624)
  • Stock (775)

Latest Posts

  • Europe’s inflation may rise due to Olympics and Taylor Swift events, but UBS claims local wallets will remain unscathed

    August 12, 2024
  • Newly surfaced report provides more clues on COVID outbreak source and timeline

    April 10, 2025
  • Trump unveils ‘Golden Dome’ missile shield, blindsides key senators

    May 21, 2025

Recent Posts

  • House balance of power still undecided a week after Election Day, with Republicans needing 4 more seats

    November 12, 2024
  • Trump teases meeting with Zelenskyy amid US’ ‘serious discussions’ with Putin to end Russia-Ukraine war

    February 24, 2025
  • SEN. RAND PAUL: Kennedy is confronting ‘corrupt’ health agencies to Make America Healthy Again

    May 28, 2025

Editor’s Pick

  • Trump nominates Rep. Lori Chavez-DeRemer as secretary of labor

    November 23, 2024
  • Illegal immigrant gender surgeries blocked from taxpayer funding under new GOP bill

    September 12, 2024
  • Weiss Report: Hunter’s drug use can’t explain away not paying taxes on money earned by ‘last name’

    January 14, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock