US President Donald Trump has announced what he described as the “most crushing economic operation ever taken” against Iran, warning countries that provide financial, commercial or government support to Tehran that they will face “tremendous economic consequences”.

In a post on Truth Social, Trump said the United States would pursue economic warfare and unprecedented isolation of Iran, targeting oil smuggling networks, financial transfers, exchange houses and front companies. He also reiterated that Iran would not be allowed to acquire nuclear weapons.

Trump Announces Economic Warfare Against Iran

Trump said Iran had failed to take what he described as a major opportunity to reach a deal with the United States, prompting Washington to escalate economic pressure.

“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 said.

He then announced what he called the “MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY”, describing the measures as “Economic Warfare and Isolation on an unprecedented scale”.

Trump claimed Iran’s navy had been destroyed, its air force was no longer operational and its military factories had been reduced to rubble. He also said the Iranian currency was worthless and the country was “hanging by a thread”.

Countries Supporting Iran Face Threats

Trump warned that the measures would not be limited to Iran. Countries whose financial institutions, businesses, airports or government entities provide any form of support to Tehran would also face US economic action, he said.

“Today, I am also announcing that 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,” Trump said.

He identified several economic channels that Washington intends to target, including oil smuggling, financial transfers, exchange houses, ship registries and front companies.

“Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies — It all needs to stop NOW,” Trump wrote.

Trump Calls Measures An ‘Economic D-Day’

Trump described the planned campaign as an “economic D-Day” and called on US allies to support Washington’s efforts to isolate Iran.

“You know who you are. This will be an ECONOMIC D-DAY, and we need all of our Allies to stand with the United States of America to isolate, and defeat, the Iran threat,” he said.

Trump claimed the measures would severely restrict Iran’s ability to project power and support what he described as terrorism around the world.

“These maniacs are on the ropes, and these HISTORIC MEASURES will cripple them and their ability to project terror worldwide,” he said.

Trump Reiterates Nuclear Warning

Trump also repeated his longstanding position that Iran must not acquire nuclear weapons.

“IRAN WILL NEVER HAVE A NUCLEAR WEAPON,” he said.

The announcement came shortly after Trump indicated that the United States had additional sanctions available against Iran and could introduce further measures depending on developments.

Asked about possible sanctions, Trump said, “We have things that we could sanction. We have very draconian sanctions, and we’ll see what happens.”

Trump Says Hormuz Blockade Is Effective

Trump also said the Strait of Hormuz remained open despite the escalating confrontation with Iran, claiming that the US naval blockade had been highly effective.

“Right now the Strait is open. A lot of boats are coming through,” Trump said.

He described the naval blockade as “100 per cent successful” and said oil prices had remained below levels that had previously been forecast amid tensions surrounding the strategic waterway.

“They were talking about USD 350 a barrel, and it’s today 84, 85. And we are getting a lot of oil out,” Trump said.

US Oil Production Reduces Hormuz Dependence

Trump pointed to increased oil production in states including Texas, Alaska and Louisiana, arguing that additional supplies and new pipelines had reduced US dependence on the Strait of Hormuz.

“I think the Hormuz Strait is not going to be quite as important as it was in the past,” Trump said.

His comments came as the strategic waterway remained at the centre of tensions between Washington and Tehran. The Strait of Hormuz is a major route for global energy shipments.

Iran Sets Conditions For Reopening Strait

Trump had earlier suggested that negotiations with Tehran could resume at some point, while saying the current situation was favourable to Washington.

“Maybe at some point, but right now I think the situation is so good,” he had said.

Earlier reports indicated that the US negotiating team had been asked to pause talks with Iran until Tehran was “ready to make a deal”. Trump also said there were no talks currently scheduled with Iran, while maintaining that the Strait of Hormuz remained operational.

Meanwhile, Iranian Parliament Speaker Mohammad Bagher Ghalibaf said Tehran would not reopen the Strait until the United States fulfilled commitments under a 14-point Memorandum of Understanding.

The conditions cited by Ghalibaf include lifting the blockade, releasing frozen Iranian assets and easing oil sanctions, highlighting the sharp differences between Washington and Tehran as tensions over the waterway continue.

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