US unveils $3 billion critical materials investment as Iran sanction pressures rise

US President Donald Trump has announced $3 billion in federal funding to expand domestic extraction of critical raw materials and advance energy storage projects. The initiative aims to strengthen American resource security and military manufacturing capabilities.

The investment follows details from a previously undisclosed military simulation in Washington, where government officials and corporate leaders identified critical supply chain vulnerabilities, specifically concerning high-purity aluminum essential for defense production.

Concurrently, US Treasury Secretary Scott Bessent stated that Washington is preparing its most severe economic sanctions to date against Iran. The announcement follows ongoing maritime disruptions in the Strait of Hormuz. Iranian officials rejected the upcoming restrictions, labeling them a continuation of unsuccessful policies and maintaining that Tehran will not yield under pressure.

Sources: Investor.bg, Mediapool, Nova TV.