(FILE).- US President Donald Trump (C) speaks during a meeting with crypto and prediction market executives in the Roosevelt Room of the White House in Washington, DC, USA, 19 August 2026. EFE/EPA/AL DRAGO / POOL
(FILE).- US President Donald Trump (C) speaks during a meeting with crypto and prediction market executives in the Roosevelt Room of the White House in Washington, DC, USA, 19 August 2026. EFE/EPA/AL DRAGO / POOL

Trump announces ‘unprecedented’ economic offensive to isolate Iran

Washington (EFE).- The United States President Donald Trump announced on Wednesday a new economic offensive against Iran, describing it as the most impactful operation ever undertaken against a country.

The initiative aims to sever the Islamic Republic’s funding channels and economic support.

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«Today, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY!» Trump stated on his social network, Truth Social. He warned that any nation allowing its financial institutions, companies, airports, or government entities to provide «any type of lifeline» to Iran will face economic consequences.

The President specified that the measure intends to cut off methods used to evade sanctions and maintain financial flows into Iran, including oil smuggling, currency exchange lines, cash transfers, currency exchange houses, vessel registries, and shell companies.

Trump demanded that all such operations «stop NOW» and warned that Washington will monitor countries and entities that continue to facilitate them.

Trump presented the initiative as a new phase of US pressure on Tehran, asserting that Iranian armed forces have been severely weakened following recent clashes and that the nation’s economy is on the brink of collapse.

«This will be an ECONOMIC D-DAY,» he said, calling on US allies to join in isolating Iran and reiterating that his administration will prevent the country from acquiring a nuclear weapon.

Previously, Trump had suggested that perhaps, at some point Washington and Tehran could resume negotiations to end the conflict. However, he noted that the current situation in the Strait of Hormuz «is so good» and that many oil tankers are transiting it without issues.

«Maybe at some point, but right now I think the situation (in Hormuz) is so good,» Trump responded at the White House when asked about the status of talks following the expiration of the bilateral ceasefire signed in June. EFE

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