Trump threatens economic punishment on ‘any country’ helping Iran
US President Donald Trump said Wednesday he was launching a major new campaign to target Iran’s economy, threatening “tremendous” 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. Trump […]
US President Donald Trump announced a severe economic campaign against any nation aiding or trading with Iran, as the conflict with the Islamic republic enters its sixth month without a clear resolution. The intensified pressure strategy, described as "the most crushing economic operation ever taken against any country," aims to isolate Iran completely.
Trump outlined that any nation permitting financial institutions, businesses, airports or government entities to engage with Iran would face "tremendous economic consequences." Though the president did not detail the exact repercussions, he underscored the unprecedented scale of the economic warfare. The announcement follows recent sanctions and comes amid political pressure domestically ahead of the November elections.
Iran, despite a brief pause in missile strikes, persisted in obstructing shipping through the Strait of Hormuz, following the breakdown of a US-Iran agreement aimed at reopening the crucial waterway. While both sides have reported ongoing communications, Trump insisted talks had concluded on Tuesday, suggesting the strait could potentially become a "new U.S. territory."
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