Trump Announces Crushing Economic Warfare Against Iran

US President Donald Trump on Wednesday (local time) announced what he described as the "most crushing economic operation ever taken" against Iran, warning that any country providing financial or other support to Tehran would face "tremendous economic consequences."

"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 in a post on Truth Social.

"Therefore, today, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY! This will be Economic Warfare and Isolation



on an unprecedented scale," he added.

Earlier reports said the US negotiating team had been asked to pause talks with Iran until Tehran was "ready to make a deal." Trump had also said there were no talks currently scheduled with Iran while maintaining that the waterway remained operational.

Meanwhile, Iranian Parliament Speaker Mohammad Bagher Ghalibaf said Tehran would not reopen the Strait of Hormuz until the United States fulfilled commitments under a 14-point Memorandum of Understanding, including lifting the blockade, releasing frozen Iranian assets and easing oil sanctions.