WASHINGTON: US President Donald Trump said Wednesday he was launching a major new campaign to target Iran\u2019s economy, threatening \u201ctremendous\u201d punishment on any country that helps or does business with the Islamic republic.<\/p>\n
The intensified economic pressure campaign comes as the war nears its sixth month with no immediate diplomatic or military off-ramp in sight.<\/p>\n
Trump is also facing renewed domestic political scrutiny over the war with November elections quickly approaching.<\/p>\n
\u201cToday, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY! This will be Economic Warfare and Isolation on an unprecedented scale,\u201d Trump wrote on Truth Social.<\/p>\n
\u201cI 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,\u201d he said.<\/p>\n
He did not specify what punishment countries would face, and none other than Iran were mentioned by name.<\/p>\n
Iran\u2019s Foreign Minister Abbas Araghchi dismissed Trump\u2019s economic punishment plan for Tehran as a continuation of \u201cfailed policies\u201d which he said would bring Washington \u201cfurther defeat.\u201d<\/p>\n
\u201cThe so-called \u2018Economic D-Day\u2019 is a diversion from America\u2019s own crisis: unprecedented debt & surging interest costs. Doubling down on failed policies will only bring further defeat \u2014 and enmity of Iranians,\u201d Araghchi said in a post on X.<\/p>\n
The president\u2019s comments come nearly a week after Treasury Secretary Scott Bessent said the US would impose economic isolation on the country \u201clike the world has never seen before.\u201d<\/p>\n
Despite a recent lull in missile strikes, Iran has continued to impose an effective blockade on shipping through the Strait of Hormuz, after a frame US-Iran deal to reopen the vital corridor collapsed.<\/p>\n
In recent days, both sides have said messages were being exchanged, however Trump on Tuesday insisted talks were off and posted a message on social media suggesting the strait could be a \u201cNEW US Territory.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
WASHINGTON: US President Donald Trump said Wednesday he was launching a major new campaign to target Iran\u2019s economy, threatening \u201ctremendous\u201d punishment on any country that helps or does business with the Islamic republic. The intensified economic pressure campaign comes as the war nears its sixth month with no immediate diplomatic or military off-ramp in sight. …<\/p>\n","protected":false},"author":4,"featured_media":101921,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-101901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/101901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=101901"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/101901\/revisions"}],"predecessor-version":[{"id":101922,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/101901\/revisions\/101922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/101921"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=101901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=101901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=101901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}