US President Donald Trump has declared an “Economic D-Day” against Iran, ordering unprecedented economic pressure and warning countries that support Tehran they could face severe financial consequences. Trump said the new campaign would target Iran’s main economic lifelines, including oil smuggling networks, financial transfers, exchange houses, ship registries and front companies. His warning comes as tensions remain high over the Strait of Hormuz.
Trump said Iran had failed to accept what he described as a major opportunity to reach a deal with the United States. He said Washington would now move towards economic warfare and isolation on a scale not seen before. “Therefore, today, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY!,” he said.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf has said Tehran would not reopen the Strait of Hormuz until the US fulfils commitments linked to a 14-point memorandum, including lifting the blockade, releasing frozen Iranian assets and easing oil sanctions. Therefore, today, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY!
Trump said the waterway remains open and claimed that a US naval blockade had been highly effective. A lot of boats are coming through,” he said. Trump also said crude oil prices had remained below earlier predictions. “IRAN WILL NEVER HAVE A NUCLEAR WEAPON,” he said. Earlier reporting noted: US President Donald Trump on Thursday threatened “tremendous” punishment on any country that helps or does business with Iran, an economic pressure campaign that comes as the war in the Middle East nears its sixth month. Earlier reporting noted: Calling it the “most crushing economic operation ever taken against any country”, he also listed several activities that he said need to stop immediately. This will be Economic Warfare and Isolation on an unprecedented scale,” he said in a Truth Social post.
Trump also warned that the measures would not be limited to Iran. Countries, banks, businesses, airports and government bodies that provide support to Tehran could face what he called “TREMENDOUS Economic Consequences. The announcement comes amid a wider dispute over the Strait of Hormuz, a major route for global energy shipments. “Right now the Strait is open. He pointed to higher production from US states including Texas, Alaska and Louisiana as another reason he believes the global oil market can reduce its dependence on Hormuz. Trump also repeated his position that Iran must not acquire a nuclear weapon. TRAGICALLY, for them, they have failed to take it.
Earlier reporting noted: “No one has given the Islamic Republic of Iran a greater opportunity to make a Deal than me.
