US President Donald Trump announced that the US will launch what he termed 'the most crushing economic operation ever taken against any country' against Iran, threatening severe financial penalties on any nation that helps Tehran evade sanctions:
Trump stated that 'this will be Economic Warfare and Isolation on an unprecedented scale': 'No one has given the Islamic Republic of Iran a greater opportunity to make a Deal than me', he said:
He also warned that any country whose financial institutions, businesses, airports, or government entities offer Iran a 'lifeline' will face what he described as tremendous economic consequences:
Iran accuses the US of 'economic terrorism'
Iran's Foreign Minister Abbas Araghchi rejected Trump's 'Economic D-Day' threat, calling it a diversion from America's own crisis:
He accused the US of 'economic terrorism', warning that the campaign threatens the broader global economy:
Trade suspension
The escalation comes a day after the United Arab Emirates, one of Iran's most important commercial partners, suspended all trade and financial dealings with Tehran:
