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๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia /Economy & Trade

Iran Calls Trump's 'Economic D-Day' Campaign 'Economic Terrorism'

From Tempo · () Indonesian

Summarized and contextualized by DistantNews.

At a glance

News From a news agency Context piece
  • The U.S. is intensifying its economic campaign against Iran, dubbed 'Economic D-Day,' aiming for regime change through sanctions and financial pressure.
  • U.S. Treasury Secretary Scott Bessent believes this strategy can isolate Tehran and avoid a large-scale military operation.
  • Iran condemns the sanctions as 'economic terrorism,' arguing they harm ordinary citizens and are akin to war.

The United States is escalating its economic pressure campaign against Iran, a strategy U.S. Treasury Secretary Scott Bessent describes as 'Economic D-Day.' Washington believes this approach, centered on sanctions, trade restrictions, and financial pressure, can isolate Tehran and potentially lead to regime change without resorting to another major military intervention.

Bessent expressed confidence that the economic campaign would succeed in altering Iran's government. "It is going to work in Iran and we are going to collapse this regime," Bessent told CNBC. He outlined the U.S. objective to achieve the "greatest coordinated economic isolation in the history of the world," warning countries and companies that continue to support Tehran that they face severe consequences.

It is going to work in Iran and we are going to collapse this regime.

โ€” Scott BessentU.S. Treasury Secretary Scott Bessent expressed confidence in the effectiveness of the U.S. economic campaign against Iran.

According to Bessent, the implementation of maximum economic pressure could diminish the necessity for a large-scale kinetic military restart. However, he emphasized that this assessment is current. When questioned about pressuring China to join the isolation efforts, Bessent declined to comment publicly, stating that "Many conversations are best to have in private."

This is going to be the greatest coordinated economic isolation in the history of the world. And we are going to them and saying you are either with us or against us.

โ€” Scott BessentU.S. Treasury Secretary Scott Bessent described the scope and intent of the U.S.-led economic pressure campaign against Iran.

Iran has vehemently denounced the latest U.S. sanctions and trade restrictions, labeling them as "economic terrorism" and crimes against humanity. Iran's Foreign Ministry issued a statement asserting that these measures would ultimately harm ordinary Iranians rather than resolve the conflict. The ministry equated sanctions and economic pressure with "the other side of the coin of war and military aggression."

This widening economic confrontation occurs amidst ongoing tensions between Washington and Tehran. The Trump administration is prioritizing financial and commercial isolation as a key tool in its policy toward Iran. The term 'Economic D-Day' signifies Washington's intensified efforts to apply maximum economic pressure and sever the financial and commercial lifelines supporting Iran's economy.

Sanctions and economic pressure are the other side of the coin of war and military aggression.

โ€” Iran's Foreign MinistryIran's Foreign Ministry condemned the U.S. sanctions, drawing a parallel between economic pressure and military action.
DistantNews Editorial

Originally published by Tempo. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.