Trump Declares 'Economic D-Day' Against Iran
- On Wednesday, President Donald Trump announced an 'Economic D-Day' against Iran, threatening "tremendous economic consequences" for any country or entity providing a "lifeline" to Tehran.
- The announcement follows the expiration Monday of a 60-day diplomatic window established in June; negotiations failed to resolve disputes over Iran's nuclear program and the Strait of Hormuz.
- Treasury Secretary Scott Bessent warned of "never before seen" measures, targeting oil smuggling, swap lines, cash transfers, exchange houses, ship registries and front companies that facilitate Tehran's trade.
- Iranian Foreign Minister Abbas Araghchi dismissed the campaign as "economic terrorism," while Brent crude prices climbed to about $94 per barrel on Thursday, reaching the highest this month.
- Analysts question effectiveness given China buys more than 80% of Iran's shipped oil; Iran has historically weathered similar sanctions through shadow fleet smuggling networks and alternative trade routes.
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681 Articles
The U.S. president has threatened anyone trading with Iran with "huge economic consequences," threats that bear witness to his frustration after six months of conflict.
Newcastle Herald
Iran unfazed by US threats of 'economic D-Day'
Analysts say that after decades of existing economic sanctions, Iran is unlike to be cowed by the latest...
The news comes after the UAE cuts off all commercial and financial relations with Tehran. More information: Iran extends its threats to the European board while Trump claims Ormuz as “American territory.”
The Grand Junction Daily Sentinel
Trump warns of 'economic D-Day' against Iran, but Tehran is well acquainted with sanctions
The Trump administration is touting a crushing financial campaign against Iran. It's promising an “economic D-Day” against a country that has so far withstood nearly five decades of punishing American sanctions. President Donald Trump says the U.S. is imposing an…
The United States urged its allies and China to join a large-scale economic pressure operation against Iran to "fall the regime."
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