Iran FM hits back at Trump’s ‘Economic D-Day,’ warns of US defeat

World Iran FM hits back at Trump's 'Economic D-Day, ' warns of US defeat On Wednesday, UAE imposed an indefinite and total ban on all trade with Iran.

Key points

• Iranian Foreign Minister Abbas Araghchi slammed Trump's newly confirmed "Economic D-Day" campaign against Tehran.
• Taking to X, the Iranian FM posted, "The so-called 'Economic D-Day' is a diversion from America's own crisis: unprecedented debt & surging interest costs."
• Besides Iran, Trump additionally threatened other countries including Gulf allies with tougher economic sanctions if they try to assist and do business with Iran.
• Under the new measures, the US would cut off or restrict financial and commercial channels supporting Iran aimed at crippling Tehran's already struggling economy.
• Aqsa Qaddus Tahir is a reporter dedicated to science coverage, exploring breakthroughs, emerging research, and innovation.

On Thursday, Araghchi remarked that the new "crushing" economic sanctions imposed by the Trump administration will only bring more defeat to the United States and deepen the hostility and distrust between Tehran and Washington.

"Doubling down on failed policies will only bring further defeat and enmity of Iranians, " he remarked, adding that what he called US "economic terrorism threatens the global economy and sovereignty worldwide."

Araghchi's remarks come after President Trump on Wednesday introduced "the most crushing economic operation ever taken against any country" while describing this campaign as "economic warfare and isolation on unprecedented scale."

"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, " Trump wrote on Truth Social post.

Without specifying what punishment countries could face, Trump continued, "Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front firms – It all needs to stop NOW. You know who you are."

Trump's retaliatory actions against Iran come after the expiration of a memorandum of understanding in which both countries failed to secure a permanent agreement to end months-long conflict.

Trump's new measures seem to escalate the US pressure campaign, began in April. It seeks to sanctions any foreign banks or firms that backing Tehran financially in any way.

On Wednesday, UAE imposed an indefinite and total ban on all trade, commercial exchanges, and financial transactions with Iran.

For context, the indefinite trade embargo comes after the Iranian forces fired two ballistic missiles at the UAE. It the UAE military asserted were targeting maritime traffic.

Aqsa Qaddus Tahir is a reporter dedicated to science coverage, exploring breakthroughs, emerging research, and innovation. Her work centres on making scientific developments understandable and relevant, presenting well-researched stories that connect complex ideas with everyday life in a clear, engaging, and informative manner.

Taken together, the developments around iran FM hits back at Trump's 'Economic D point to a situation that is still moving, and the coming days should bring more clarity.