Trump announces an “unprecedented” economic offensive to isolate Trump

U.S. President Donald Trump announced this Wednesday a new economic offensive against Iran, which he described as the most impactful operation ever undertaken against a country, with the goal of cutting off funding channels and economic support to the Islamic Republic.

Trump announced the measure through his Truth Social network, where he warned that any country that allows its financial institutions, companies, airports, or government entities to provide “any kind of lifeline” to Iran will face economic consequences.

The new United States economic offensive contemplates closing the channels used to evade sanctions and maintain the flow of money to Iran. These include oil smuggling, currency exchange lines, cash transfers, exchange houses, ship registries, and shell companies.

Trump demanded that these operations “stop NOW” and warned that Washington will monitor countries and entities that allow transactions intended to financially support Tehran to continue.

Trump calls it an “Economic D-Day”

The president presented the initiative as a new phase of the U.S. maximum pressure campaign against Iran. According to Trump, the Iranian Armed Forces have been severely weakened after recent clashes and the country’s economy is on the verge of collapse.

«This will be an economic DAY», Trump stated, while asking United States allies to join in the economic isolation of Iran.

The US president also reiterated that his administration will prevent Iran from obtaining a nuclear weapon, amid tensions between Washington and Tehran.

Trump opens the door to future negotiations

Previously, Trump indicated that “perhaps at some point” the United States and Iran could resume negotiations to end the war. However, he assured that for now the situation in the Strait of Hormuz is favorable and that numerous oil tankers continue to transit through that route without major issues.

We recommend reading: Trump does not rule out that “at some point” negotiations with Iran will resume

«Perhaps at some point, although right now I think the situation (in Hormuz) is very good. But yes, perhaps at some point», Trump replied at the White House when asked about the status of the talks.

The statements come after the bilateral ceasefire signed in June expired this past Monday, once again increasing uncertainty about the future of relations between the United States and Iran.