Trump threatens 'tremendous economic consequences' on any country helping IranIt comes after a 60-day ceasefire expired on Monday, with no sign of a diplomatic or military off-ramp to the conflict.8 mins agoWorld

Trump threatens 'tremendous economic consequences' on any country helping Iran.

Key points

• President Donald Trump has confirmed the US will inflict "TREMENDOUS Economic Consequences" on any country that helps or does business with Iran.
• Trump's latest move appears to extend the pressure campaign of Operation Economic Fury, introduced in April to sanction foreign banks or firms that do business with Tehran.
• The US and Oman have been negotiating separately with Tehran to reopen the Strait of Hormuz, a waterway that is vital to the global economy.
• In Wednesday evening's social media post, Trump remarked he was launching "economic D-Day" on Iran as the Islamic Republic had failed to create a agreement with the US.
• "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 remarked.

He wrote in all capital letters on Truth Social he was launching "the most crushing economic operation ever taken against any country!" He offered no further details, and did not name any other nation.

It comes after a 60-day ceasefire with Iran expired on Monday, with no sign of a diplomatic or military off-ramp to the conflict that the US and Israel began at the end of February.

"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 remarked. He did not specify what punishment countries would 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."

After a new missile threat from the country, it comes a day after United Arab Emirates, a US ally, confirmed it would be severing all financial and economic ties with Iran.

Notably, the UAE's defence ministry remarked it had detected two ballistic missiles rolled out from Iran targeting maritime traffic, both of which landed in the sea.

Iranian entities have long applied Dubai's financial system to transfer capital through exchange houses and shell firms.

After the UAE's decision, Iran's armed forces cautioned neighbouring Gulf countries against providing backing to the US military, saying any assistance given to US forces would be considered collusion.

Meanwhile, the president's comments come almost a week after Treasury Secretary Scott Bessent stated the US would impose economic isolation on the country "like the world has never seen before".

In practice, the BBC has asked the White House and US treasury department for comment.

Earlier this week, Trump additionally reportedly threatened to bomb Oman – a US ally – if it "gets in the way" of his administration's own negotiations with Iran, during a phone interview with a Fox News reporter.

Notably, the US and Oman have been negotiating separately with Tehran to reopen the Strait of Hormuz, a waterway that is vital to the global economy. It has been largely closed for almost six months during the US-Iran war.

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For now, trump threatens ' tremendous economic consequences' on any country helping IranIt comes after remains the part of the story worth watching, and further updates are likely as more details are confirmed.