Donald Trump declares 'economic D-Day' against Iran as allies threatened with sanctions
Donald Trump declares 'economic D-Day' against Iran as allies threatened with sanctions US President Donald Trump has announced "economic warfare and isolation on an unprecedented scale" against Iran Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Tannur Anders 02:50, Thu, Aug 20, 2026 Updated: 03:17, Thu, Aug 20, 2026 US President Donald Trump (Image: Getty) US President Donald Trump has declared what he has described as "economic warfare and isolation on an unprecedented scale ". In a post on Truth Social on Wednesday, August 19, he wrote: "No one has given the Islamic Republic of Iran a greater opportunity to make a Deal than me. TRAGICALLY, for them, they have failed to take it. Therefore, today, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY!". Article continues below ADVERTISEMENT Get the latest news from around the world and more Subscribe Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy "This will be Economic Warfare and Isolation on an unprecedented scale. Their navy is gone, their air force is destroyed, their military factories are now rubble, their currency is worthless, and their country is hanging by a thread." Trump breaks silence on NATO summit 'decoy plane' after bombshell video emerges Iran unveils new missile capabilities as Strait of Hormuz stays closed The US and Israel launched coordinated strikes on a number of key Iranian targets on February 28. Iran responded by closing the Strait of Hormuz waterway and launching attacks on US allies throughout the Middle East. Washington and Tehran have undergone several rounds of unsuccessful negotiations regarding the closure of the Strait of Hormuz, Iran's nuclear weapon capabilities and an end to the conflict, and it appears Trump has now opted for an aggressive economic approach in his campaign against the Islamic Republic. Article continues below ADVERTISEMENT "Today, I am also announcing that ANY country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face TREMENDOUS Economic Consequences," he wrote. Article continues below ADVERTISEMENT The Strait of Hormuz has been a contention point in the war (Image: Getty) "Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies - It all needs to stop NOW. You know who you are. "This will be an ECONOMIC D-DAY, and we need all of our Allies to stand with the United States of America to isolate, and defeat, the Iran threat. "These maniacs are on the ropes, and these HISTORIC MEASURES will cripple them and their ability to project terror worldwide. "IRAN WILL NEVER HAVE A NUCLEAR WEAPON." Donald Trump Iran Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments