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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U.S. Treasury Secretary Scott Bessent also asked China this Thursday to "get in tune" in the U.S. economic war against Iran.
Iran: New US sanctions amount to ‘economic terrorism,’ ‘crimes against humanity’
The US is increasing pressure on other countries to support their "economic war" against Iran in order to overthrow the government in Tehran. Washington will go to allies and rivals "and say: Either you are on our side or against us," said US finance minister Scott Bessent to the US channel CNBC on Thursday. Previously, US President Donald Trump had announced "the most devastating economic operation of all time." The economic war will show its e…
Iran calls new US sanctions 'economic terrorism,' 'crimes against humanity'
TEHRAN — Iran accused the United States of "economic terrorism" and "crimes against humanity" on Thursday, after Washington said it would ramp up sanctions to heap pressure on Tehran. "Undoubtedly, the US economic sanctions against Iran, which have targeted the fundamental human rights of every Iranian citizen, are a case of 'economic terrorism' and 'crimes against humanity,' and the perpetrators and instigators of these sanctions are deserving …
Washington Turns Up Pressure on Iran — But China and the UAE Face Crucial Choice
Washington has announced the launch of an unprecedented financial campaign that will target not only Tehran but also its key trading partners in Asia. Trump Declares Economic War on Iran US President Donald Trump has announced the start of the "most devastating economic operation in history” against Iran. Trump called the escalation an "economic D-Day” aimed at completely isolating Iran and directly demanded the "immediate” end of oil smuggling,…
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