US President Trump declared an unprecedented economic campaign against Iran, threatening secondary sanctions on any nation supporting it.
Published
US President Donald Trump announced what he called the "most crushing economic operation ever taken" against Iran, framing it as "Economic Warfare and Isolation on an unprecedented scale" per a post on Truth Social. The declaration follows what Trump described as Iran's "tragic" failure to reach a deal with Washington.
The campaign, which Trump labeled an "ECONOMIC D-DAY," extends a pressure campaign the Trump administration has waged since April under the banner "Operation Economic Fury," according to CNBC. The president claimed Iran's military and economy are devastated, stating, "Their navy is gone, their air force is destroyed, their military factories are now rubble, their currency is worthless, and their country is hanging by a thread."
A key component of the announcement is a threat of "tremendous economic consequences" for any country that allows its financial institutions, businesses, airports, or government entities to provide a "lifeline to Iran." Al Jazeera and The National both reported this secondary sanction threat, which Trump specified includes targeting oil smuggling, swap lines, and ship registries.
The move escalates US economic pressure on Iran, with Trump vowing to "cripple them and their ability to project terror worldwide" and asserting that "IRAN WILL NEVER HAVE A NUCLEAR WEAPON." The international response and the specific measures to be implemented remain key points to watch.