Trump announces 'economic warfare' against Iran

President Donald Trump has declared a new era of economic warfare against Iran, announcing what he termed the "most crushing economic operation ever launched against a country."

“

Tragically for them, they have failed to seize it. Therefore, I am announcing today the most crushing economic operation ever launched against a country.

In a post on his social media platform Truth Social, Trump stated that Iran had missed a crucial opportunity to strike a deal, leading to this severe response. He characterized the impending measures as "economic warfare and isolation on an unprecedented scale."

The U.S. president extended his warning to other nations, asserting that any country allowing its financial institutions, companies, or state entities to provide Iran with a "lifeline" would face "massive economic consequences."

“

This will be economic warfare and isolation on an unprecedented scale.

Trump referred to the day's announcement as an "economic D-Day," drawing a parallel to the pivotal World War II Allied invasion of Normandy. This historical reference underscores the perceived significance and turning point of the economic measures against Iran.

“

Today, I am also announcing that any country that allows its financial institutions, companies, airports, or state entities to give Iran any form of lifeline will itself be met with massive economic consequences.

Iran had not immediately commented on Trump's declaration.

“

Today is an economic D-Day.