Trump Declares 'Economic War' on Iran, Threatens Third Countries

U.S. President Donald Trump has declared an "economic war" against Iran, announcing sweeping new sanctions designed to exert maximum pressure on the nation. Trump described the campaign as an "unprecedented economic operation" and an "economic D-Day," drawing a parallel to the World War II Allied invasion of Normandy.

Trump asserted that Iran's military capabilities and economy have been severely damaged, claiming its navy is destroyed, air force eliminated, military factories ruined, currency devalued, and its nation reliant on "a thread." He further warned that any country providing a lifeline to Iran, whether through financial institutions, businesses, airports, or public institutions, would face "very severe economic consequences." While specific measures against non-compliant countries were not detailed, Trump demanded the cessation of economic lifelines through oil trade, swap lines, cash transfers, currency exchanges, ship registries, and shell companies.

The sanctions threat is seen as particularly targeting China, Iran's primary oil customer, which purchases over 80% of its oil. The implementation of secondary sanctions against countries trading with Iran could escalate economic tensions between the U.S. and China. Washington also seeks tighter controls on Iran's enriched uranium stockpile and a new agreement imposing stricter limits on its nuclear program.

Iran responded swiftly, with Deputy Foreign Minister Kazem Gharibabadi dismissing Trump's assertions as miscalculations. Gharibabadi noted the contradiction in the U.S. claiming Iran is on the verge of collapse while simultaneously seeking support from allies to increase pressure. He suggested that the U.S. consistently misjudges Iran's situation.