00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Trump administration is tightening economic pressure on Iran as allies halt Iranian flights
00:07and impose new banking restrictions while President Trump rejected Tehran's proposal
00:12to end the war, according to Benzinga. Treasury Secretary Scott Besant said U.S. officials have
00:18engaged more than 50 countries as part of the effort to economically isolate Iran,
00:23according to a report by The Wall Street Journal. Turkey, Oman, the UAE, and Iraq
00:29have restricted Iranian airline operations, while the UAE and Turkey have moved against
00:34Iranian banks. Iran offered to reopen the Strait of Hormuz within seven days if Washington lifted
00:40its blockade and unfroze Iranian assets. Trump rejected the proposal, saying Iran was losing
00:45so badly. Iran's economy has contracted as inflation surged and the real weakened.
00:51For all things money, visit Benzinga.com.
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