Trump Declares 'Economic D-Day' Against Iran
Trump said the campaign would impose the toughest sanctions yet on countries that aid Iran, as the UAE cut trade ties and oil traffic through Hormuz fell more than 90%.
- 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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The BladeTrump warns of 'economic D-Day' against Iran
NEW YORK — Nearing the six-month mark of the Iran war and facing diminishing stockpiles of key weapons, the Trump administration is touting a crushing financial campaign against Tehran, promising an “economic D-Day” against a country that has withstood nearly…
The Latest: Trump warns of ‘economic D-Day’ against Iran days before 6-month mark of war
Nearing the six-month mark of the Iran war and facing diminishing stockpiles of key weapons, the Trump administration is touting a crushing financial campaign against Tehran, promising an “economic D-Day” against a country that has so far withstood nearly five decades of punishing American sanctions.
Trump's Latest Tactic on Iran: an 'Economic D-Day'
President Trump is dialing up the rhetoric against Iran, though he seems to be signaling he doesn't want to fire another shot. After weeks of airstrikes earlier this year and repeated threats to resume them, Trump is now touting an "economic D-Day" and "economic warfare and isolation on an unprecedented...
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