Trump Unveils Crushing Economic Operation Against Iran, Warns Allies
US President Donald Trump has announced an aggressive new economic campaign against Iran, warning that any nation or institution providing it with financial support will face severe consequences. In a post on Truth Social, Trump described the operation as the 'most crushing' ever taken against any country and said it was aimed at crippling Iran's ability to project terror internationally.
The initiative targets various channels used by Iran to obtain funding, including oil smuggling, currency swap lines, cash transfers, exchange houses, ship registries, and front companies. Trump called on US allies to join Washington in isolating and defeating what he described as the 'Iran threat.'
The announcement comes amid already elevated tension in the region, with oil prices having climbed due to uncertainty over Strait of Hormuz shipping and the broader state of the US-Iran conflict.