WASHINGTON, D.C. – President Donald Trump threatened an “Economic D-Day” against Iran and any country who does business with Iran. The President’s comments have already made an impact on oil prices and the stock market. Iran is sounding off on the threat.
In a Truth Social post, President Donald Trump announced Iran will face “the most crushing economic operation ever taken against any country” calling it an economic warfare and isolation after he claims they have failed to make a deal with the US.
Iran isn’t the only target in the post. The President also threatened “any country that provides a type of lifeline to Iran will itself face tremendous economic consequences”. He called it an “Economic D-Day”. The president didn’t elaborate on what that could look like but he said this earlier this week:
“We have very draconian sanctions, and we’ll see what happens,” said the President earlier this week.
An administration official gave us this statement: “President Trump has always been clear that he will never allow Iran to have a nuclear weapon. The crushing sanctions and one of the most successful blockades that have crippled Iran’s economy and has left Iran completely broke. There are many levers the president can crank harder in the weeks ahead.”
Treasury Secretary Scott Bessent said he will give more details next week: “I think that the economic action will mean that oil prices will come down sooner,” Bessent told reporters at the White House.
According to online sources, after the President made the “economic D-Day” threat, oil prices slightly pushed up and the stock market suffered losses.
The economic threats come at a time when the war with Iran is about to hit the six-month mark. Global supply chains have been disrupted by complications with the Strait of Hormuz and the war is becoming increasingly unpopular among Americans, according to a late July poll from The AP.
The Iranian Foreign Minister said the “economic D-Day” threat is “a diversion from America’s own crisis: unprecedented debt and surging interest costs.” This week the US national debt surpassed 40-trillion, an all-time high.
The Iranian Foreign Minister also adds that they’re no stranger to US economic pressure or sanctions throughout the years: “We have seen this movie before. Same bull. Different bullies.”
