President Donald Trump has declared an unprecedented economic warfare operation against Iran, describing it as the most crushing economic operation ever taken. The announcement comes amid stalled diplomatic efforts as the war nears its sixth month with no immediate peace solution in sight.
This action extends a pressure campaign known as Operation Economic Fury, which the Trump administration has waged since April. The declaration follows the expiration of a 60-day ceasefire on Monday, with no sign of a diplomatic or military off-ramp to the conflict. Trump faulted Iran for failing to take its chance to make a deal with him.
Additionally, the president warned that any country supporting Tehran, providing any type of lifeline, or trading with Iran will face tremendous economic consequences. While Trump did not specify the exact punishments countries would face, analysts noted that Iran has survived decades of sanctions and is likely to escalate rather than surrender.