Trump announces ‘crushing’ economic action against Iran, warns of ‘tremendous’ costs

Trump announces 'crushing' economic action against Iran, warns of 'tremendous' costs.

Key points

• No one has given the Islamic Republic of Iran a greater opportunity to create a Agreement than me.
• "This will be an ECONOMIC D-DAY, " Trump remarked, calling on US allies to backing Washington in isolating Iran.
• Trump calls it "economic D-day" and urges allies to isolate Iran, notes Tehran will never have a nuclear weapon.
• He remarked countries allowing their financial institutions, businesses, airports or administration entities to provide any "lifeline" to Iran would face "TREMENDOUS Economic Consequences".
• Americans turn against Trump as Iran war drags on, approval hits presidency low.

Trump calls it "economic D-day" and urges allies to isolate Iran, notes Tehran will never have a nuclear weapon. US to pursue economic warfare, isolation on an unprecedented scale. Countries providing Iran economic "lifeline" cautioned of consequences. Targets oil smuggling, cash transfers, exchange houses, front firms.

US President Donald Trump has confirmed what he called the "MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY", warning Iran and countries that continue to provide economic backing to Tehran of sweeping new measures.

In a post on Truth Social, Trump accused Iran of rejecting opportunities to reach a accord with his administration and stated Washington would pursue "Economic Warfare and Isolation on an unprecedented scale".

"No one has given the Islamic Republic of Iran a greater opportunity to create a Agreement than me. TRAGICALLY, for them, they have failed to take it, " Trump remarked.

Trump asserted Iran's navy had been destroyed, its air force was "destroyed", its military factories reduced to rubble, and its currency rendered "worthless".

Trump specifically cautioned against oil smuggling, swap lines, cash transfers, exchange houses, ship registries and front businesses, saying: "It all needs to stop NOW."

He additionally stated the measures would cripple Iran's ability to "project terror worldwide" and reiterated his administration's opposition to Tehran acquiring nuclear weapons. "IRAN WILL NEVER HAVE A NUCLEAR WEAPON, " Trump remarked. White House attacks CNN reporter for question on Trump aide. At a Gaza zoo, war takes its toll on the animals.

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Iran faces surrender demand as US notes needed agreement remains out of reach.

Iran threatens attack on US blockade as Washington rules out extending ceasefire.

Americans turn against Trump as Iran war drags on, approval hits presidency low. Search for Indonesia earthquake victims underway on Independence Day.

Taken together, the developments around trump announces 'crushing economic action against Iran, warns of 'tremendous costs point to a situation that is still moving, and the coming days should bring more clarity.