US President Donald Trump has announced a new initiative termed ‘Economic D-Day’ aimed at Iran, implementing unprecedented economic measures designed to exert significant pressure on the country. The initiative targets key components of Iran’s economy, including oil smuggling networks, financial transactions, exchange houses, ship registries, and front companies. Trump has also warned nations that support Tehran that they could face severe financial repercussions. This announcement comes amid ongoing tensions in the Strait of Hormuz, a critical waterway for global oil transport.
Trump said Iran had failed to accept what he described as a major opportunity to reach a deal with the United States. He said Washington would now move towards economic warfare and isolation on a scale not seen before. “Therefore, today, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY!,” he said.
Trump also warned that the measures would not be limited to Iran. Countries, banks, businesses, airports and government bodies that provide support to Tehran could face what he called “TREMENDOUS Economic Consequences. The announcement comes amid a wider dispute over the Strait of Hormuz, a major route for global energy shipments. “Right now the Strait is open. He pointed to higher production from US states including Texas, Alaska and Louisiana as another reason he believes the global oil market can reduce its dependence on Hormuz. Third-party countries could also face difficult choices. Businesses and financial institutions dealing with Iranian oil, money transfers or other trade could have to assess the risk of facing US penalties. TRAGICALLY, for them, they have failed to take it.
Therefore, today, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY! Iranian Parliament Speaker Mohammad Bagher Ghalibaf has said Tehran would not reopen the Strait of Hormuz until the US fulfils commitments linked to a 14-point memorandum, including lifting the blockade, releasing frozen Iranian assets and easing oil sanctions.
Trump said the waterway remains open and claimed that a US naval blockade had been highly effective. A lot of boats are coming through,” he said. Trump also said crude oil prices had remained below earlier predictions. Earlier reporting noted: US President Donald Trump on Thursday threatened “tremendous” punishment on any country that helps or does business with Iran, an economic pressure campaign that comes as the war in the Middle East nears its sixth month. Earlier reporting noted: Calling it the “most crushing economic operation ever taken against any country”, he also listed several activities that he said need to stop immediately. This will be Economic Warfare and Isolation on an unprecedented scale,” he said in a Truth Social post.
Earlier reporting noted: “No one has given the Islamic Republic of Iran a greater opportunity to make a Deal than me.
