Trump warns of 'economic D-Day' against Iran, but Tehran is well acquainted with sanctions

NEW YORK (AP) — Nearing the six-month mark of the Iran war and facing diminishing stockpiles of key weapons, the Trump administration is touting a crushing financial campaign against Tehran, promising an “economic D-Day” against a country that has withstood nearly five decades of punishing American sanctions.With sparse details, President Donald Trump announced this week that the U.S. would be imposing an “unprecedented” level of economic warfare and isolation on Iran, aiming to force its leadership to cave to demands to end its nuclear program and fully reopen the crucial Strait of Hormuz to oil and natural gas tankers.It reflects the dire reality Trump faces with an increasingly unpopular war he can't seem to end just months before pivotal midterm elections that will decide whether his Republican Party keeps control of Congress. Whether out of desperation or strategy, the president is refocusing America's might on bringing Iran to its knees through an accelerated sanctions campaign against one of the most economically penalized countries in the world.In response to the threat, Iranian Foreign Minister Abbas Araghchi posted Friday on X the history of U.S.

sanctions against Iran, saying, “We have seen this movie before. Different bullies.”The immediate reaction from Iran hawks has been praise and a call for patience as it plays out, while other analysts warn that Trump is refusing to learn the lessons of his predecessors.In an interview Thursday on CNBC, Treasury Secretary Scott Bessent offered a small glimpse of what may be ahead, threatening secondary sanctions on nations and companies that conduct business with Iran.He did not reveal who would be targeted as part of this next phase of the administration’s Operation Economic Fury, which earlier had focused on entities and people who buy oil from or bank with Iran. China and India, however, are major buyers of Iranian oil.“If you insist on doing business with them, then the U.S.

government will put its full might and force against you,” Bessent said. “It’s time for our allies and the rest of the world to make a decision."Some experts see ‘uncharted waters’ that could force Iran's handDespite decades of U.S. sanctions against Iran, the Trump administration is arguing that it’s only a matter of time and that striking the right economic target would get Tehran to its breaking poin…

With sparse details, President Donald Trump announced this week that the U.S. It reflects the dire reality Trump faces with an increasingly unpopular war he can’t seem to end just months before pivotal midterm elections that will decide whether his Republican Party keeps control of Congress. In response to the threat, Iranian Foreign Minister Abbas Araghchi posted Friday on X the history of U.S.

In an interview Thursday on CNBC, Treasury Secretary Scott Bessent offered a small glimpse of what may be ahead, threatening secondary sanctions on nations and companies that conduct business with Iran. He did not reveal who would be targeted as part of this next phase of the administration’s Operation Economic Fury, which earlier had focused on entities and people who buy oil from or bank with Iran. China and India, however, are major buyers of Iranian oil.

“If you insist on doing business with them, then the U.S.