Trump Announces Unprecedented Economic Warfare Against Iran, Calls for Immediate Action
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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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The Daily Wire“No one has given the Islamic Republic of Iran a greater opportunity to make a Deal than me,” Trump wrote. “TRAGICALLY, for them, they have failed to take it. Therefore, today, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY!”
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.”
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 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.
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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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The 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.
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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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01 Washington Examiner The Strait of Hormuz lies between Iran and Oman and has emerged as the chief pressure point in the geopolitical conflict due to its strategic placement as a global oil channel.
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02 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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03 ABC News "The president is playing the long game," said the energy secretary. The Trump administration appears to be indicating it favors economic warfare in its approach to the conflict with Iran, touting its naval blockade of the Strait of Hormuz and previewing new sanctions still to be announced.
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04 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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