Apr 16, Kathmandu - Although a ceasefire has been declared between the United States and Iran, the conflict continues to simmer beneath the surface. After over a month of intense military clashes in West Asia, the two nations have entered a new front, one fought with economic weapons rather than guns and missiles.

The Trump administration in the United States has announced a new strategy to impose stringent economic sanctions on Iran. Efforts are underway to create multidimensional pressure by disrupting Iran’s oil exports and obstructing its access to the global banking system.

Amid rising tensions, reports suggest that the US is preparing to impose even harsher sanctions targeting countries and banks connected to Iran’s oil trade. U.S. Secretary of the Treasury Steven Mnuchin described this move as part of an “economic war.” According to him, a “maximum pressure” policy has been in effect against Iran for the past year, aiming to isolate the country financially and diplomatically.