DM Monitoring
Washington: US President Donald Trump warned of economic consequences against any country that provided “any type of lifeline to Iran” as the United States looks to resolve a war it began alongside Israel nearly six months ago.
Thousands have been killed in the war, which quickly drew in Gulf nations and shocked global markets as Iran flexed its ability to curb shipping through the Strait of Hormuz, which carried about a fifth of the world’s traded oil before February.
The U.S. and Iran have twice announced ceasefire deals, in April and June, aiming to restore the free flow of shipping through Hormuz on a path towards ending the conflict, but both quickly crumbled, even as Israel has largely withdrawn from the fighting.
Earlier, Iran’s Foreign Minister Abbas Araghchi on Thursday dismissed US President Donald Trump’s economic punishment plan for Tehran as a continuation of “failed policies”, which he said would bring Washington “further defeat”.
“The so-called ‘Economic D-Day’ is a diversion from America’s own crisis: unprecedented debt & surging interest costs. Doubling down on failed policies will only bring further defeat — and enmity of Iranians,” Araghchi said in a post on X.
“US economic terrorism threatens global economy and sovereignty worldwide.”
In a post on his Truth Social, Trump said he was announcing “the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY! This will be Economic Warfare and Isolation on an unprecedented scale.”
“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,” he said.
War broke out between Iran and the United States on February 28 with US-Israeli attacks which triggered Iranian retaliation across the region.
An April 8 ceasefire put an end to the intense bombardment but sporadic clashes continued in and around the Strait of Hormuz, a vital energy conduit which Iran has blockaded and has since become flashpoint in the conflict.
