🚨🇺🇸🇮🇷 BREAKING: Trump just declared full economic warfare on Iran, an "Economic D-Day," after negotiations collapsed for good.
"No one has given the Islamic Republic of Iran a greater opportunity to make a Deal than me. TRAGICALLY, for them, they have failed to take it," Trump posted on Truth Social. "Therefore, today, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY!"
His claims about Iran's military: navy gone, air force destroyed, military factories reduced to rubble, currency worthless, the country "hanging by a thread."
Then the real threat, aimed far beyond Iran's borders: any nation letting its banks, businesses, airports, or government entities hand Iran a financial lifeline will face "TREMENDOUS Economic Consequences." Oil smuggling, currency swap lines, cash transfers, exchange houses, ship registries, front companies, all of it targeted at once.
This lands one day after the UAE, one of Iran's most important commercial partners, suspended all trade and financial dealings with Tehran, following what it says were two Iranian ballistic missiles fired at the Gulf state.
The backdrop makes this even sharper. The war has now run 178 days since the US and Israel first struck Iran. Trump has declared it "won" multiple times, only for it to grind on. Ship traffic through Hormuz remains a fraction of pre-war levels, just 73 transits last week versus 91 the week before.
The biggest lever Trump hasn't pulled yet: sanctions on the Chinese banks financing Iran's oil trade. Analysts call that the single most consequential move available. But Trump is hosting China's Xi Jinping for a state visit in September, a complication that may explain the hesitation.
Iran's Foreign Minister is already firing back, accusing Washington of escalating sanctions as a barrier to any real negotiated end to the conflict.
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