President Donald Trump declared that the U.S. will initiate what he termed the 'most crushing economic operation ever taken against any country' aimed at Iran. He warned that any nation assisting Iran in evading sanctions would face severe financial penalties.
In a post on Truth Social, Trump claimed that Iran's military capabilities have been severely diminished and its currency devalued, suggesting that the Iranian regime is in a precarious position. He specifically mentioned various financial channels, including oil smuggling and currency swaps, that he intends to target to prevent Iran from acquiring nuclear weapons.
This announcement is part of a broader pressure campaign known as Operation Economic Fury, which has been ongoing since April, aimed at disrupting Iran's global terror financing and revenue sources. The implications of these sanctions could lead to increased volatility in oil markets and affect international relations, particularly with countries that have economic ties to Iran