Trump announces ‘economic D-Day’ of Iran sanctions, moving war to new phase
The move reflects a reality that was already clear to many observers: that the “hot” conflict with Iran is being replaced by a “cold” economic war.
US President Donald Trump has announced new economic measures against Iran, describing them as the "most crushing economic operation ever taken against any country". He stated that Iran had failed to take a major opportunity for a deal under his leadership. Trump said the new campaign is "economic warfare and isolation on an unprecedented scale", arguing that Iran's conventional capabilities have already been degraded by the ongoing conflict.
The conflict between the US and Iran has shifted from a "hot" conflict to a "cold" economic war, according to reports. Thousands of people have been killed in the war, which began nearly six months ago and drew in countries across the Gulf. Global markets have been impacted, particularly due to Iran's control of shipping through the Strait of Hormuz, a critical passage for oil trade.
A senior Iranian Revolutionary Guard figure, Brig Gen. Mohammad Reza Naqdi, has responded to Trump's actions, dismissing him as "short-sighted" and "childish". Naqdi stated that he would trust a taxi driver's word more than Trump's statements, citing a lack of consistency and foundation in the US leader's words.
Brief written by urgent.news from The Age, The Sydney Morning Herald, Al-Monitor, The Indian Express, Gulf News — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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