Trump announces largest economic operation against Iran yet
Donald Trump, President of the US (photo: Getty Images)
US President Donald Trump has stated that he is launching the most devastating economic operation against Iran in history. According to him, any country whose financial institutions or companies help Tehran circumvent the pressure will also face severe economic consequences, according to Donald Trump's statement on the social media platform Truth Social.
What Trump said
The US president stated that no one had given Iran more chances to reach a deal than he had, yet Tehran tragically failed to seize that opportunity. In response, Trump announced the launch of an economic war and isolation of unprecedented scale against Iran.
According to him, Iran's navy has been destroyed, its aviation has been ruined, military factories have been reduced to rubble, and the country's currency has collapsed — the regime, in the president's words, is hanging by a thread.
Threats to other countries
Separately, Trump warned: any country that allows its financial institutions, businesses, airports, or state structures to provide Iran with any form of support will also face massive economic consequences.
The president explicitly listed the methods that, he said, must cease immediately — oil smuggling, currency swaps, cash transfers, exchange offices, ship registration under foreign flags, and shell companies.
"You know who you are," he said, addressing the countries involved.
Trump called the initiative the economic D-Day and called on US allies to join in the isolation and defeat of Iran, describing the Iranian regime as maniacs who are already on the ropes. The president also reiterated that Iran will never obtain nuclear weapons.
Trump's announcement of a large-scale economic operation came amid ongoing tensions between the US and Iran. In mid-August, the WSJ reported that Iran was preparing for a more serious conflict with the US — despite the memorandum on a temporary cessation of hostilities signed in June, Tehran had throughout this period been preparing its forces for a possible resumption of war.
Tensions are also rising among Washington's allies in the region. The Washington Post reported growing dissatisfaction among US partners in the Persian Gulf — where there is increasing concern over Trump's inability to achieve a diplomatic settlement with Iran. And just days earlier, Trump had stated his intention to declare the Strait of Hormuz a US territory, though Iran ridiculed the statement, calling it impossible to establish control over the strait through a social media post.
