Trump Declares 'Economic D-Day' Against Iran
Trump said countries that help Iran will face tremendous economic consequences as Washington moves to target oil smuggling, cash transfers and other revenue streams.
- 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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644 Articles
The United States urged its allies and China to join a large-scale economic pressure operation against Iran to "fall the regime."
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We Might Now Have a Date for When the Iran War Could Start Back Up Again
President Donald Trump is promising what he calls an “Economic D-Day” against Iran, but the details of Washington’s next move are still to come. “The entire country can be taken out in one night, and that night might be tomorrow night,” Trump told a White House press conference on Thursday. The Iran War Could Start Again Next Week President Donald Trump addresses members of the media in the James S. Brady Press Briefing Room, Tuesday, January 2…
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