Which other countries will be affected?
- 4. Türkiye and UAE
Türkiye is a major oil and gas importer of Iran. UAE is Iran’s second largest trading partner. The new tariff could cause serious damage to their trade relations.
Russia and Iran have built deep ties in the arms, energy and financial sectors. The 25% tariff will put additional pressure on Russia’s economy.
- 6. Other countries
Iraq, Afghanistan, Pakistan and other countries may also come under the influence of this tariff, especially on Iranian non-oil exports.