Trump Announces Unprecedented Economic Warfare Against Iran
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"Today, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY! This will be Economic Warfare and Isolation on an unprecedented scale," Trump wrote on Truth Social. "I am also announcing that ANY country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face TREMENDOUS Economic Consequences."
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HuffPostMere hours after bragging that the situation was “so good” with Iran, Trump promised the country would experience “Economic Warfare and Isolation on an unprecedented scale.” He also noted that any country that “allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face TREMENDOUS Economic Consequences.”
Washington ExaminerThe president warned Iran that “economic D-Day” is coming after he backed away this week from peace talks seeking to resolve the conflict, which has now stretched on for nearly six months. Trump said any country that allows its financial institutions, businesses, airports, or government entities “to provide any type of lifeline to Iran will itself face TREMENDOUS Economic Consequences.” He urged all of Washington’s allies “to stand with the United States of America to isolate, and defeat, the Iran threat.”
The Daily WirePresident Donald Trump announced what he called an “ECONOMIC D-DAY” against Iran on Wednesday, threatening economic consequences for countries that continue providing a lifeline to the despotic regime.
New York PostPresident Trump announced Wednesday that the US will target Iran and its allies with “the most crushing economic operation ever taken against any country” – dubbing the effort “Economic D-Day.”
ReutersTrump warns of economic consequences for any country that supports Iran - Reuters Trump warns of economic consequences for any country that supports Iran Reuters
The HillTrump announces ‘most crushing economic operation ever’ against Iran President Trump announced Wednesday evening the “MOST CRUSHING ECONOMIC OPERATION EVER” against Iran amid negotiations to reopen the Strait of Hormuz, a major oil trading waterway that has been effectively closed since early March.  “This will be Economic Warfare and Isolation on an unprecedented scale,” the president wrote on Truth Social.  Trump said any nation…
New York TimesTrump Threatens Economic Pain for Countries That Help Iran The president did not specify what actions he would take, and he has on other occasions abandoned threats to dramatically escalate the war with Iran.
Associated PressAraghchi’s comments came a few hours after President Donald Trump threatened “crushing economic measures” against Iran. Trump promised “Economic Warfare and Isolation on an unprecedented scale,” but provided few details.
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The United Arab Emirates suspended all trade, commercial exchanges and financial transactions with Iran after accusing Tehran of firing ballistic missiles toward maritime traffic.
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The HillUAE cuts off trade with Iran after missiles land in water The United Arab Emirates (UAE) said Tuesday it was cutting off trade with Iran after the country detected two missiles fired from Iran. In a post on the social platform X, the UAE’s Ministry of Foreign Affairs said in a statement that Afra Al Hameli, the director of the Strategic Communications Department at ministry, said…
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"Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies — It all needs to stop NOW," he continued. "You know who you are. This will be an ECONOMIC D-DAY, and we need all of our Allies to stand with the United States of America to isolate, and defeat, the Iran threat. These maniacs are on the ropes, and these HISTORIC MEASURES will cripple them and their ability to project terror worldwide." This is a developing story. Please check back for updates.
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Washington Examiner“Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies — It all needs to stop NOW. You know who you are,” Trump posted on Truth Social. “These maniacs are on the ropes, and these HISTORIC MEASURES will cripple them and their ability to project terror worldwide. IRAN WILL NEVER HAVE A NUCLEAR WEAPON.”
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Have there been any notable effects of the blockade so far? Treasury Secretary Scott Bessent last week told Newsmax the president was prepared to order new sanctions that would punish Iran's economy.
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Washington ExaminerTrump’s announcement was previewed by Treasury Secretary Scott Bessent last Thursday. At the time, Bessent warned a new wave of actions against Iran would be coming, marking a “combination of economic isolation like the world has never seen before.”
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He also said the U.S. naval blockade remained in effect and insisted the strait was "open and operating," while Iran maintained it would remain closed until Washington lifted oil sanctions, ended its blockade of Iranian ports and met other conditions.
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Washington ExaminerThe U.S. has for months battled to wrest control of the strait from Iran, as global oil and gas prices have surged since tankers worldwide have been caught in the middle of the conflict around the waterway. The U.S. has sought to put pressure on Iran to relieve blockages by putting a naval blockade on vessels seeking to enter or exit Iranian ports around the strait. The measure has already had a significant impact on Iran’s economy, costing it nearly $5 billion in oil revenue by the beginning of May. The head of the Iran-China Chamber of Commerce said last week that the naval blockade could cost Iran $18 billion annually if continued.
ABC NewsThe effects of the blockade, intended to deny any Iranian exports through the strait, could take months to bear effects on the Iranian economy, experts said, and it is not clear whether pressure from the blockade or any new actions could change Tehran's position at a future negotiating table.
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“Last night, we had a lot of boats come through,” he said during a tour of the helipad currently under construction outside the White House. “We have possession, complete control of the strait, I mean, outside of nuisance value. And there has been nuisance value when they shoot a drone every once in a while.”
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Trump said Tuesday that no talks with Iran were underway or planned after a 60-day window for a broader agreement expired.
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Washington ExaminerTrump initially said Tuesday that U.S. negotiators were not talking to their Iranian counterparts, a day after a 60-day ceasefire between the two countries expired. At the time, the president said he had “no time schedule” and is “not in a hurry” to negotiate with Iran, arguing that “they should put up the white flag of surrender.”
ABC NewsTrump, meanwhile, appears to be stepping back from his push to reach a deal with Iran that would be aimed at opening the strait, writing in a social media post on Tuesday there were "no talks or conversations going on" with Iran.
9 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 New York Post Trump’s declaration comes after the 60-day period for negotiations to end the war – established under an interim peace deal signed in June – expired Monday without a breakthrough.
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02 RealClearPolitics Iran Has Lost Significant Control of the Strait of Hormuz
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03 HuffPost According to CNN’s Fareed Zakaria, Iran has been under international economic sanctions for decades, and there were few measures the U.S. could take outside of sanctioning or cutting off relations with Tehran’s largest trading partners.
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04 Washington Examiner “It will be a combination of economic isolation like the world has never seen before, and the continued blockade in the Strait of Hormuz that will keep anything from going in or out of the Iranian ports,” Bessent said.
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05 New York Times What to Know About Iran’s Economic Ties With Gulf Countries The United Arab Emirates, Iran’s most important regional trading partner, announced a total embargo on transactions with Tehran on Tuesday.
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06 Associated Press Iran on Thursday dismissed U.S. President Donald Trump’ s threats of economic pain and isolation, while the U.K and other nations condemned Israel over a controversial settlement project.
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07 Fox News President Donald Trump's approval rating has plummeted to a record low during his second term in office, and is now tied for his lowest approval rating ever as commander-in-chief, according to a new poll.
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08 ABC News Trump now says the attacks on commercial shipping are of "nuisance value." After President Donald Trump declared the memorandum of understanding between the U.S. and Iran was "over" on July 7, he threatened heavy strikes on Iran whenever commercial vessels were hit in the Strait of Hormuz or the Bab al-Mandeb Strait.
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09 The Daily Wire Trump’s new crackdown comes as Iran’s economy is already in a catastrophic tailspin. Data from the exchange-rate monitor Bonbast shows the Iranian rial has undergone a catastrophic collapse. On the open market, the currency has plummeted to a staggering 1,374,600 rials to one US dollar. Over the last 20 years, the rial has lost more than 99% of its purchasing power; in 2006 the exchange rate was 9,200 rials per dollar. While Tehran attempts to hide behind a fictional “official” rate of 42,000 rials per dollar, the reality is quite different.
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