Iran Warns US of 'Seismic' Retaliation as Trump Prepares for Tehran’s ‘Economic D-Day’
Treasury officials say the campaign targets more than 1,000 vessels, firms and accounts tied to Iran’s oil trade and weapons procurement.
- President Donald Trump vowed to hit Iran hard economically, with Treasury Secretary Scott Bessent announcing Monday a press conference on measures that have "never been seen" as soon as next week.
- Since the war began in February, Washington has levied maritime, energy, and financial sanctions while maintaining a naval blockade of the Strait of Hormuz, where oil shipments remain at a virtual standstill.
- The Office of Foreign Assets Control has sanctioned more than 1,000 entities since Trump's second term began, freezing an estimated $500 billion in Iran-linked cryptocurrency while China purchases more than 80% of Tehran's oil.
- Brett Erickson of Obsidian Risk Advisors calls current measures a "whack-a-mole" approach that has not altered Iran's behavior, though Miad Maleki of the Foundation for Defense of Democracies anticipates stronger enforcement against oil shippers and currency exchangers.
- U.S. and Israeli officials have raised the possibility of a land blockade, while the Senate passed a bill last week granting Trump new tariff powers against countries aiding Tehran's trade and weapons procurement.
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This article was originally published on Cedarnews.net. For more news and exclusive reports, visit our website. August 22, 2026 — Iran's military leader vows Tehran 'will not submit' as US plans economic squeeze. The initial report was published by CNN at 6:16 AM. This news was published on the Cedarnews website. For more breaking news and exclusive reports, visit our official website.
The Economic Times
Times of IndiaIran warns US of 'seismic' retaliation as Trump prepares for Tehran’s ‘economic D-day’
Iran’s Supreme National Security Council Secretary Mohsen Rezaei said Tehran would target the interests of countries supporting the United States. Speaking to state television on Saturday (August 22), Rezaei warned neighbouring countries against joining the U.S. economic campaign, saying Iran would consider them “enemies” if they did. U.S. President Donald Trump has warned of economic consequences for any country providing Iran with “any type of…
Trump wants more economic pressure on Iran. What are his options?
President Donald Trump has vowed to hit Iran hard economically, after Treasury Secretary Scott Bessent said that Washington would impose measures on Tehran that have "never been seen" as soon as next week.
Karaj - On the 175th night of public gatherings, the streets were once again filled with people; this time, we sat down with citizens to hear their opinions on Trump's economic pressures and threats.
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