Trump’s ‘economic D-day’ against Iran risks driving the stakes even higher | Sina Toossi
As with its approach to Hormuz, the US has mistaken applying pressure for an actual strategy. But Tehran has chips of its own to play Donald Trump has found a new way to promise victory over Iran. After months of war have failed to force Iran’s capitulation or collapse, his administration has unveiled what the US Treasury secretary, Scott Bessent, calls Operation Economic Outcast: an effort to…
Trump's "economic D-day" against Iran carries the risk of escalating tensions even further, according to Sina Toossi, a senior fellow at the Center for International Policy. The United States appears to have confused pressure with a coherent strategy, much like its previous approach to the Strait of Hormuz. However, Tehran has its own countermeasures.
Despite months of failed diplomacy, President Trump has proposed a plan to secure victory over Iran through Operation Economic Outcast. This initiative aims to sever Iran's connections with the global economy and warn foreign governments, banks, and companies against continuing business dealings with Tehran. It is clear that Iran's economy has been severely impacted by years of sanctions, ongoing war, and a blockade by US naval forces.
Iranian officials have admitted that oil exports and access to foreign currency have been significantly restricted. The general population has already been suffering from high inflation, a depreciating currency, and a decline in living standards. Inflicting further economic hardship through this strategy would undoubtedly exacerbate the situation.
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