Trump Unleashes Economic Warfare on Iran Amid Rising Frustration
US President Donald Trump has announced plans to launch an economic war against Iran, which he described as an 'economic D-Day'. The move is aimed at forcing Iran into fresh negotiations over its nuclear program and release of its grip on the Strait of Hormuz. This comes after weeks of military strikes and a US blockade that has severely limited Iran's oil exports.
Trump did not specify what measures he would take, but warned that any country allowing financial institutions or businesses to provide lifelines to Iran will face 'tremendous economic consequences'. He also sought to rally other countries that have declined to support his military campaign against Iran.
The US has already imposed economic sanctions on Iran for decades, and the current blockade has caused nearly 80% inflation and a currency that's lost almost 30% of its value this year. Economists warn that the conflict may drag Iran into one of the worst economic crises in its history.