Trump Declares 'Economic D-Day' Against Iran
Trump says any country aiding Tehran will face severe penalties as he escalates a financial pressure campaign after ceasefire talks collapsed.
- 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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Trump warns of 'economic D-Day' against Iran, but Tehran is well acquainted with sanctions
NEW YORK (AP) — 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…
The United States urged its allies and China to join a large-scale economic pressure operation against Iran to "fall the regime."
In an interview with the New Yorker, Vali Nasr, professor of Middle Eastern studies at Johns Hopkins, describes American immobility in Iran as the symbol of the "tracollo."..
Today's key news items include: 1) President Trump announced a "most devastating economic action" and threatened severe consequences for any country that provides an economic lifeline to Iran; 2) Russian missiles and drones struck the Ukrainian capital and surrounding areas, killing at least 16 people and injuring about 40; 3) U.S. Central Command told VOA that since early May, the U.S. military has assisted about 1,300 merchant ships carrying m…
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