President Trump is escalating economic pressure on Tehran more than six months into the Iran war , aiming to squeeze Iranian leaders into submission. Why it matters: Trump's campaign could test how much economic pain Iran is willing to take before its leaders tap out. Driving the news: Trump declared last week that Iran would face an "economic D-Day" amid the ongoing war. The president has been adamant that Iran's economy is "COMPLETELY COLLAPSING!!!" - Treasury Secretary Scott Bessent unveiled a plan Monday to cripple Iran's economy in what he called the "single greatest financial offensive ever ." State of play: Iran previously raised significant revenue from oil exports transported through Hormuz. But that source of income was…
President Donald J. Trump has unveiled sweeping economic measures against Iran and warned of severe consequences for nations aiding the regime.
President Donald J. Trump has unveiled sweeping economic measures against Iran and warned of severe consequences for nations aiding the regime. PULSE POINTS WHAT HAPPENED: President Donald J. Trump has announced an “ECONOMIC D-DAY” offensive against Iran , warning countries and businesses that continue supporting Tehran that they could face severe economic consequences. In a post on Truth Social, Trump accused the Islamic Republic of repeatedly rejecting opportunities to negotiate and declared that Washington would now pursue the most aggressive economic campaign ever imposed against a country. DETAIL: Trump said the measures are intended to cripple Iran’s ability to fund terrorism and warned foreign governments, financial…Open